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Author Topic: Do we really get the whole idea about digital currency (bitcoin) ???  (Read 120 times)
Vickyrichy
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July 19, 2018, 04:16:41 AM
Merited by crzybilly (8), BrewMaster (1)
 #1

After reading a lot of posts here on this forum, I realized that all what people talk about is;
Bitcoin is dying
When is it right to buy bitcoin
Bitcoin is an asset
Bitcoin is a bubble
Bitcoin is volatile and so many on.

I believe bitcoin or cryptocurrency is not all about buying and selling, whether it is an asset or it being a bubble or the volatile nature in the term of price value. Bitcoin is the revolution to the financial system of the world. It goes beyond buying and selling or investing it. Digital currency (bitcoin) is the improved version of the physical fiat system. We discussing on how bitcoin is revolving the world and future changes it will bring in the 5-10 years will help with the false misconceptions people have about cryptocurrency (bitcoin).

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7jaka7
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July 19, 2018, 08:01:26 AM
 #2

After reading a lot of posts here on this forum, I realized that all what people talk about is;
Bitcoin is dying
When is it right to buy bitcoin
Bitcoin is an asset
Bitcoin is a bubble
Bitcoin is volatile and so many on.

I believe bitcoin or cryptocurrency is not all about buying and selling, whether it is an asset or it being a bubble or the volatile nature in the term of price value. Bitcoin is the revolution to the financial system of the world. It goes beyond buying and selling or investing it. Digital currency (bitcoin) is the improved version of the physical fiat system. We discussing on how bitcoin is revolving the world and future changes it will bring in the 5-10 years will help with the false misconceptions people have about cryptocurrency (bitcoin).
Yes, unfortunately that is the reality. Everyone are chasing some short term gains without any work/learning.

We can imagine it like this:
A lot of people here would rather talk about things you mentioned "Bitcoin is dying, When is it right to buy bitcoin, Bitcoin is an asset..." but noone would actually use it or spread the word about it. Not because he would earn but because it is better then FIAT system.

It would be like saying I like potato, potato is the best, buy potato and you wouldn't even eat it...


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Suharti12
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July 19, 2018, 08:04:36 AM
 #3

it is true that people have been talking about bitcoin bubbles, prices and bitcoin, but I strongly believe that 5-10 years bitcoin will become the world's currency.

Vickyrichy
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July 19, 2018, 01:58:50 PM
 #4

Quote
It would be like saying I like potato, potato is the best, buy potato and you wouldn't even eat it...
Hahahahaha.....  Thus how most of the people in the crypto world are behaving. They are concerned about the possible profit they will make within a short period of time. It is high-time we in the crypto community made the world know what cryptocurrrency (bitcoin) is really about.

BrewMaster
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July 19, 2018, 02:05:00 PM
 #5

i do believe that pure speculators don't last long in the market. they either go away or start learning more about bitcoin and realize the true nature and potential of it as a decentralized currency.
for example these past months that price has been falling the market was cleansed of most of these type of speculators.

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July 19, 2018, 02:25:52 PM
 #6

After reading a lot of posts here on this forum, I realized that all what people talk about is;
Bitcoin is dying
When is it right to buy bitcoin
Bitcoin is an asset
Bitcoin is a bubble
Bitcoin is volatile and so many on.

I believe bitcoin or cryptocurrency is not all about buying and selling, whether it is an asset or it being a bubble or the volatile nature in the term of price value. Bitcoin is the revolution to the financial system of the world. It goes beyond buying and selling or investing it. Digital currency (bitcoin) is the improved version of the physical fiat system. We discussing on how bitcoin is revolving the world and future changes it will bring in the 5-10 years will help with the false misconceptions people have about cryptocurrency (bitcoin).

Probably because most people who are in this forum are people who are looking for short-term profits. But not everyone is like that, there are also people who study more deeply about cryptocurrency before investing and then make cryptocurrency as a long term investment for them.
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July 19, 2018, 02:26:10 PM
 #7

I agree with you, bitcoin is not just about buying, selling and investing. but more than that.

let volatility move with the volume and spreading of bitcoin in each market, because we have a bigger task of bringing better bitcoin in the future and also answering every bad comment about crypto from every stupid person that who do not know about bitcoin and answering every bad comment from bitcoin haters.

earvin01
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July 19, 2018, 02:38:40 PM
 #8

Cryptocurrency has a high and low risk whether you invest or earn it. It's about knowledge and learning more about digital currency, and another way for innovation. Others take it in a serious and dark side, but some are putting a lot effort to study digital currency and have it work for good and decent way to earn in the future.
angelramirez24
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July 19, 2018, 02:42:17 PM
 #9

I think that's okay since bitcon is still improving and improving and it is still young. There will always be speculations about what it can be or what can it do. I do agree that these misconceptions will be no more within the next decade. We'll have to see where it can go in the future.
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July 19, 2018, 02:43:45 PM
 #10

I agree with you, bitcoin is not just about buying, selling and investing. but more than that.

let volatility move with the volume and spreading of bitcoin in each market, because we have a bigger task of bringing better bitcoin in the future and also answering every bad comment about crypto from every stupid person that who do not know about bitcoin and answering every bad comment from bitcoin haters.
in this forum not only argued badly on cryptocurrency (bitcoin) but mostly positive opinion, beginners who panicked in losses always acting stupid in response to all circumstances

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July 19, 2018, 02:45:01 PM
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July 19, 2018, 02:45:43 PM
 #12

Everyone should first read about what Bitcoin is and investigate. After that, he should watch the market. If the idea against Bitcoin is still negative then there is nothing to do. We must respect

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July 19, 2018, 02:54:08 PM
 #13

The answers given by quite a number of folks reflect their understanding or grasp generally about the crypto world and bitcoin in particular. Well, the bitcoin like I have equally always maintained is a revolution; and a revolution brings change in a radical way such that if you don't go with it, you get swallowed by it. Much of cryptocurrency is yet to be scratched so we will be seeing new possibilities in the near future.

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July 19, 2018, 02:59:15 PM
 #14

i do believe that pure speculators don't last long in the market. they either go away or start learning more about bitcoin and realize the true nature and potential of it as a decentralized currency.
for example these past months that price has been falling the market was cleansed of most of these type of speculators.

Also add those people who thinks bitcoin as a money making scheme though it can be true but keep in mind the risk involve. The more gain it will give you in shorter period of time, the higher the risk.

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July 19, 2018, 03:10:11 PM
 #15

The price spike last year changed the dynamics of the people in the community. It used to be full of people that cared about the technology and the revolution of the financial world, but now it's full of people that only care about the price and making a profit. The original intention of Bitcoin was so much more than all that.

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July 19, 2018, 09:02:21 PM
 #16

After reading a lot of posts here on this forum, I realized that all what people talk about is;
Bitcoin is dying
When is it right to buy bitcoin
Bitcoin is an asset
Bitcoin is a bubble
Bitcoin is volatile and so many on.

I believe bitcoin or cryptocurrency is not all about buying and selling, whether it is an asset or it being a bubble or the volatile nature in the term of price value. Bitcoin is the revolution to the financial system of the world. It goes beyond buying and selling or investing it. Digital currency (bitcoin) is the improved version of the physical fiat system. We discussing on how bitcoin is revolving the world and future changes it will bring in the 5-10 years will help with the false misconceptions people have about cryptocurrency (bitcoin).

Good argument! However, without buying or selling or without investment from the world population, bitcoin would not have reached today's milestone. Definitely bitcoin is beyond these small assumptions and financial games, but these factors play a major role in developing bitcoin as an alternate financial system.

For an example, I accept bitcoin for various promotional activities i perform online. But the only reason I accept bitcoin is that I can convert it to my local currency whenever needed. If this options for coversion was not there, I would not have take bitcoin for my services. The fact is, buying and selling are the two most important factor here over and above the technical advancements.

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abokhalel2
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July 19, 2018, 09:16:46 PM
 #17

Bitcoin is not a bubble nor so anything that is going to make this world worst than what it was before. So better to stop spreading this kind of fud with nonsense that is not going to help anyone, bitcoin is always going to be in here and there is no way to stop it

Vickyrichy
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July 19, 2018, 09:48:19 PM
 #18

After reading a lot of posts here on this forum, I realized that all what people talk about is;
Bitcoin is dying
When is it right to buy bitcoin
Bitcoin is an asset
Bitcoin is a bubble
Bitcoin is volatile and so many on.

I believe bitcoin or cryptocurrency is not all about buying and selling, whether it is an asset or it being a bubble or the volatile nature in the term of price value. Bitcoin is the revolution to the financial system of the world. It goes beyond buying and selling or investing it. Digital currency (bitcoin) is the improved version of the physical fiat system. We discussing on how bitcoin is revolving the world and future changes it will bring in the 5-10 years will help with the false misconceptions people have about cryptocurrency (bitcoin).

Good argument! However, without buying or selling or without investment from the world population, bitcoin would not have reached today's milestone. Definitely bitcoin is beyond these small assumptions and financial games, but these factors play a major role in developing bitcoin as an alternate financial system.

For an example, I accept bitcoin for various promotional activities i perform online. But the only reason I accept bitcoin is that I can convert it to my local currency whenever needed. If this options for coversion was not there, I would not have take bitcoin for my services. The fact is, buying and selling are the two most important factor here over and above the technical advancements.
I totally agree with you on the factor that, buying and selling are the two most importance factors that have helped bitcoin reach its milestone now. My argument is on the factor that people just buy and sell bitcoin because of the profit they will gain without understanding how bitcoin has made payment and financial systems much easier. They are the same people who complain when the price of bitcoin drops.

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July 19, 2018, 09:51:30 PM
 #19

I agree with you. Now, really, most people do not understand why the crypto currency was created, but most likely it is temporary and after 1-2 years people will understand the true purpose of the crypto currency.
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July 19, 2018, 10:01:18 PM
 #20

Very true. Now that is what we call value instead of just looking at the price and converting that into value.

Dont worry though, no one can erase that fact. It will change soon.
First it gained value by being introduced by Satoshi and people behind him supported it. Yes it did hype for demand.
But we should also remember this. Those bitcoins that are bought before could still be in their wallets until now. Demands will come and they will be hungry to get a bitcoin to complete their transactions.

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