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Author Topic: Maybe BTC wont last because NO ONE really profits from it...  (Read 265 times)
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July 05, 2018, 04:58:03 PM
 #41

You are somehow right. But not totally right. Yes all the crypto-currency is not real, I do agree with this. But, bitcoin is secure and safe. Once you have the coin then you are the only owner of those coin if it is bitcoin. And the profit. Well, Actually it is a long time investment. Think of those who buy bitcoin when the value was like 500$ or 1000$. How much they profit?
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July 06, 2018, 09:17:25 AM
 #42

I still feel like I didnt get my true point accross...

We all invest in Bitcoin and we all profit from it when it goes up.  For some of us who day trade, you make money thru the volatility.

What Im trying to sayi is.... there isnt a CEO of Bitcoin that will reap huge benefits.  There are people with lots of bitcoin but thats not the same.

Im saying in comparison to a centralized Token/coin.   Lets use bcash for example again...

The creators of Bcash will continuously keep pushing for their coin to take first place because they financially benefit from it most. They can potentially team up with miners and merchant services, huge corporations because they have a face and the human factor.  They can create deals and shake hands. 

Who is doing this for bitcoin??? Huh

I know Bitcoin has  strong support in getting bitcoins accepted everywhere, but I think with the right amount of money behind an alt coin, with the right connections and timing, it can possibly take first place one day. 

Does anyone else think  this is possible???

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July 06, 2018, 09:26:21 AM
 #43

I look at BTC as the greatest thing for our world.  We need digital currency.  It makes sense.   But,  we live in a world where we are driven by greed and profit.   So with that said....

If someone creates a ALT coin to compete with BTC for first place, I think eventually that ALT coin will get there.  Because at the end of the day, if that 'ALT COIN" makes enough money they can continuously push their "ALT COIN to surpass BTC.   

I dont see anyone financially backing up BTC.   
I see Bcash and their owners making deals.
I see Ripple making deals
I see pretty much everyone else making deals
And pretty soon those deals that these "ALT Coins" are making will eventually climb them into the #1 spot


PLus, people are shorting BTC all day long.  It sucks, because im the "buy during the dip" guy.


my opinions only.... im ready for the backlash

bitcoin is not supposed to make people millionaires. It's here to cut the centralized banking systems and bring the money back to the hands of regular people. Obviously you can't understand that

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July 06, 2018, 09:32:26 AM
 #44

it seems you have never benefited from BTC, why you predict bitcoin will not last, I am still sure bitcoin will still survive in the first position of all krypto Grin Grin

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July 06, 2018, 09:37:25 AM
 #45

You are somehow right. But not totally right. Yes all the crypto-currency is not real, I do agree with this. But, bitcoin is secure and safe. Once you have the coin then you are the only owner of those coin if it is bitcoin. And the profit. Well, Actually it is a long time investment. Think of those who buy bitcoin when the value was like 500$ or 1000$. How much they profit?

This is a false statement and should be ignored.  We all know how beneficial and helpful bitcoin is so telling me this kind of comment will really bring me into disgust. A lot of people have benefited from btc so how come you're saying that it is not. Well it's just a matter of effort in order to be successful in here.

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July 06, 2018, 09:42:18 AM
 #46

Actually for now the only business that has continue always to grow are those exchanges especially local exchanges with high rates. These exchanges is a transaction base wherein they can earn more if there are transactions being done. And base on what happen to crypto market that has a high volatility nowadays which means there are many transactions being done and may exchanges are earning on getting transaction fee.

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July 06, 2018, 09:45:53 AM
 #47



I do understand the purpose of and why Bitcoin was created.  I believe in it.  This is why Im holding it and consider it to be potentially one of our final currencies to replace fiat...   I want to know everyones opinion about having some other coin/token aiming to take its place.  and what the possibilities of that is.

And my understanding has changed quite a bit since posting this a few days ago.

Exchanges financially benefit from bitcoin , but they probably financially benefit just as much from altcoins too.
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July 06, 2018, 09:50:13 AM
 #48

Actually you are wrong when you say that no one really profits from it. If you have observe the market which is highly volatile that means those who day trade had earned on it already. Some of them are using a system to day trade. ANother thing that that others are earning is mining, those exchanges, and ICO projects which gather relatively huge amount of fiat money for the project to implement and created an opportunity for some other individuals.

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July 06, 2018, 11:07:16 AM
 #49

Bitcoin will not reach the highest peak of it's popularity if no ones gets profits from it. Bitcoin lasts this long because many investors and many people believes in the market potential of cryptocurrency. It is beneficial for bitcoin believers.

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July 06, 2018, 11:17:15 AM
 #50

No altcoin will ever beat beatcoin. Bitcoin will always take its first place, as its technology is constantly being improved and does not stand still. Do you really think that something can overtake Bitcoin?
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July 06, 2018, 12:15:50 PM
 #51

I look at BTC as the greatest thing for our world.  We need digital currency.  It makes sense.   But,  we live in a world where we are driven by greed and profit.   So with that said....

If someone creates a ALT coin to compete with BTC for first place, I think eventually that ALT coin will get there.  Because at the end of the day, if that 'ALT COIN" makes enough money they can continuously push their "ALT COIN to surpass BTC.   

I dont see anyone financially backing up BTC.   
I see Bcash and their owners making deals.
I see Ripple making deals
I see pretty much everyone else making deals
And pretty soon those deals that these "ALT Coins" are making will eventually climb them into the #1 spot


PLus, people are shorting BTC all day long.  It sucks, because im the "buy during the dip" guy.


my opinions only.... im ready for the backlash
Well most of your sights are right,this what make bitcoin drops popularity those greed that manipulates market,added those weak handed humans that with just a small drop from the price they sell instantly their coins without little patience and this really sucks

Thats why i love your arguments since i guess this is the right time to tackle this serious matters for the benefits of us al

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July 06, 2018, 12:41:19 PM
 #52

What makes you sure that no one is not getting profits from bitcoin? Big investors are profiting from bitcoin. People who bought low and sold high did make a huge profit out of bitcoin. Basically, everyone is getting profits from bitcoin. And to prove that, look at the price last year. It had a huge increase. Perhaps you are saying that because the price has fallen and it still has not grown back yet. You need to be a little bit patient.


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July 06, 2018, 02:06:17 PM
 #53

Funny that's the topics from users who really know crypto and not like this

I think it run by many ways to earn so crypto is non-stop

FUD is not good so this topic is the example of that

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July 06, 2018, 06:07:18 PM
 #54

You have no idea how wrong you are regarding how the markets work. You don't require a financial banking to succeed in this world, Bitcoin was created with zero money taken from anyone. If you know anything about the open source community than you might have known that Bitcoin has them developing for it.

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July 06, 2018, 06:27:44 PM
 #55

Well, if you have taken a little review about the altcoins, you'd realize they all have their specific reasons for which they were created for and not all of them were made to compete with BTC. And by the way, who said no one benefits from BTC, I have used Bitcoin in so many different ways buddy.

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July 06, 2018, 06:32:07 PM
 #56

Bitcoin as well other digital currencies would have never gained such a popularity if none has benefitted out of it. Importantly the benefits that each and every user got through bitcoin has made it reach large user network without any promotional advertising and just through the word of mouth spreading.

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July 06, 2018, 08:14:35 PM
 #57

If someone creates a ALT coin to compete with BTC for first place, I think eventually that ALT coin will get there. 

Have you seen how many alt coins there are? Currently there are 1612 altcoins according to coinmarketcap and see the marketcap of these altcoins. Is a very low marketcap, see the use of these altcoins. you will see that more than 50% of these altcoins have no use, they were created only for certain dev to become rich, nothing more. And we have the issue of decentralization, the altcoins are centralized, the dev control everything. is as if they were a gang. so it's much better to use bitcoin than to use an altcoin.

Big investors are profiting from bitcoin.

truth

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July 06, 2018, 08:22:51 PM
 #58

I do not agree with the op. I think Bitcoin has given a lot of profit to a lot of people without any selfishness. The old coins who are running them they need profit. If they do not get any profit from it and we will not Run anymore. Buy with Bitcoin we do not have that type of problem Bitcoin can be used without of thinking about what they will get all we have to do this just think about yourself and how we are going to use it and that will fuel the Bitcoin community. For me, Bitcoin is number 1 and it will be always number one because it's a nonprofit system and all the other systems are profit making system.


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July 06, 2018, 08:37:51 PM
 #59

Bitcoin will not reach the highest peak of it's popularity if no ones gets profits from it. Bitcoin lasts this long because many investors and many people believes in the market potential of cryptocurrency. It is beneficial for bitcoin believers.

Are you joking? What do you mean by "profits"? Are you here only for he purpose of fiat in and fiat out trades? Bitcoin is much more than just an investment vehicle. While profits are nice many people came here to help spread the word about it, introduce payments into their own businesses, find a way to work for BTC, and so on.
You're so far from the truth by talking about its peak. If you want that peak to be a bubble that pops once those on top feel like they've gained enough, that's the way to go.
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July 07, 2018, 05:28:26 AM
 #60

If someone creates a ALT coin to compete with BTC for first place, I think eventually that ALT coin will get there. 

Have you seen how many alt coins there are? Currently there are 1612 altcoins according to coinmarketcap and see the marketcap of these altcoins. Is a very low marketcap, see the use of these altcoins. you will see that more than 50% of these altcoins have no use, they were created only for certain dev to become rich, nothing more. And we have the issue of decentralization, the altcoins are centralized, the dev control everything. is as if they were a gang. so it's much better to use bitcoin than to use an altcoin.


You're right Slow death and this was the same thing the Chinese trying to do when they supported NEO and EOS while they posted FUD about bitcoin. People seems not to get it that bitcoin is not just an ordinary crypto currency.


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