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Author Topic: BITCOIN is useless!?  (Read 3793 times)
CeyCrypteon
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August 27, 2018, 02:45:33 PM
 #461

Bitcoin seems like useless in the financial world because Bitcoin has failed as a currency at the moment which is not Bitcoins fault by the way and it is the fault of investors and holders because the only thing they did when Bitcoin arrived was purchasing and selling when the price was increased than the purchased price but no one though to do something else with that to promote and use in there businesses so it became useless but no one can say it will be the same in future   
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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August 27, 2018, 03:49:18 PM
 #462

I think what you mentioned is nothing more than a negative thought. And I still believe that bitcoin still has hope to grow bigger in the future.
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August 27, 2018, 11:21:57 PM
 #463

I think bitcoin is actually very useful because with the existence of bitcoin all transactions can benefit very much one of them is that when sending money it will be very safe and comfortable and very fast, if only the problem of pump or price dump in my opinion it is normal .

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BigTeeths
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August 28, 2018, 03:22:11 AM
 #464

A lot of people have used bitcoin in their transactions before like paying a service or for for goods on the online stores so that statement is already misleading. Bitcoin is just like fiat but more convenient than Paypal's service. A useless thing don't exist for more than a decade and can't be major threat to banks.
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August 28, 2018, 05:06:40 AM
 #465

I think that is not true, bitcoin is very useful and bitcoin can be made for the safest and most convenient payment method in the whole world, with bitcoin all can be recorded and all can see transaction records created from the beginning of the creation of bitcoin.
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August 28, 2018, 02:40:23 PM
 #466

ah..former ceo of paypal said that, everybody know cryptocurrency especially bitcoin are their main competitor in digital currency, so they spread that shit FUD to make negative impact for bitcoin? i think the word are useless, everyone who said any negative word about bitcoin has their own business and maight take some advantages from it. everybody know exactly that bitcoin are much better and has many advantages than paypal. we have fed up enough with many negative news related to bitcoin and cryptocurrency.

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August 28, 2018, 05:30:00 PM
 #467

Some people think it is useless and wasted electricity that is their thoughts because they do not care and do not benefit from it. Those who are benefiting from bitcoin or altcoin will think it is useful. The benefits will determine the mind.
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August 29, 2018, 05:06:28 AM
 #468

Bitcoin is worth it and that's not useless. Because they have many people changed their life when they use bitcoin. Even today because of the bitcoin now are dumping the value that is worth it to buy to earn more money if we see pumping again.

Bitcoin is worth there is no doubt and that is why many potential investors are releasing there money into Bitcoin market but it some use in the real world and we see few businesses that providing payment options in Bitcoin and it keeps increasing year by year  so only the time will decides what will be the path that Bitcoin will select and no matter what that is there will be a significant effect in the crypto currency market and the community
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August 29, 2018, 05:31:33 AM
 #469

I dont agree that bitcoin is useless. Bitcoin will never become zero in value. It may have low price for now but I dont think it will reach to the very bottom like zero value. There is no truth to  because bitcoin is very valuable.
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August 29, 2018, 06:02:42 AM
 #470

I dont agree that bitcoin is useless. Bitcoin will never become zero in value. It may have low price for now but I dont think it will reach to the very bottom like zero value. There is no truth to  because bitcoin is very valuable.

we dont need to wait for bitcoin to drop zero until we call it useless because the term useless is not based on the price but rather it is based on the purpose or usage of the product .  in the case of bitcoin , bitcoin is not  uselless because we do already see its purpose and that purpose is to serve the people with fast and easy payments . not only as a payment method but also to give income .
arpon11
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August 29, 2018, 07:31:42 AM
 #471

This is his own opinion but for many of us here bitcoin is very useful and we are not going to have a bad day in future as speculated by him.  Many of these people against bitcoin are those that have lose out in the control equation and because of that they will forever makes this comment.
pujarihema
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August 29, 2018, 05:26:18 PM
 #472

No, Bitcoin is not useless at all. It has lots of uses.
Bitcoin is a convenient medium of payments around the globe. Bitcoins are used for the transaction of money. It can be used for transactions and payment of bills. Yes It is risky to invest in Bitcoin but we can get financially benefit from holding it.
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September 01, 2018, 06:24:28 PM
 #473

Bitcoin hedead to zero?
The former ceo of paypal Bill harris said that,bitcoin's value will continue to dwindle until it gets "eventually a whole lot closer to zero."and saying that there's just no value in bitcoin and "Bitcoin makes no revenue, no profitability."
he also called the cryptocurrency is a
"colossal pump-and-dump scheme, the likes of which the world has never seen."
I think this is non-sense, what about you?

Source: cnbc


Bitcoin is not useless and I think the users who use it are useless specially holders and they have no creative imagination and that is why a valuable and potential currency like Bitcoin is just used as a tool to make temporary income or profits when it can do more good for our business environments and to revolutionize financial and economical systems in the world  if Bitcoin adapted into businesses as a core transaction currency
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September 01, 2018, 09:11:07 PM
 #474

Bitcoin is a highly reputed cryptocurrency but some peoples are believe the bad rumours of Bitcoin so it is useless in few countries and some countries are strictly banned in Legalization of cryptocurrency.

 
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September 02, 2018, 02:35:25 AM
 #475

Bitcoin hedead to zero?
The former ceo of paypal Bill harris said that,bitcoin's value will continue to dwindle until it gets "eventually a whole lot closer to zero."and saying that there's just no value in bitcoin and "Bitcoin makes no revenue, no profitability."
he also called the cryptocurrency is a
"colossal pump-and-dump scheme, the likes of which the world has never seen."
I think this is non-sense, what about you?

Source: cnbc


Another reason the Bitcoin is goind down is because most of investors trying to move from Bitcoin and also from the crytpto industry because they are afraid that Bitcoin will no longer exist in the future considering these price decreases and some are moving to alternative coins thiking that they can get better profits than investing in Bitcoin 

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Vritesh
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September 02, 2018, 10:50:02 AM
 #476

No i dont think so that bitcoin is useless. Till now bitcoin has become the best investment asset. It has the potential of making money double and letting people earn the maximum number of profits. Bitcoin has given employmemt to many people especially the youth and has helped them in different ways. Bitcoin is of full worth and is not at all useless.

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September 02, 2018, 01:50:38 PM
 #477

We have different think about bitcoin, others think bitcoin is useless because the price of the bitcoin are dump already, but we are here to say that bitcoin is really worth it to invest and to gain more profit. I don't care who said bitcoin is useless because we have our own decision to stay or not.
The Sceptical Chymist
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September 03, 2018, 05:56:28 AM
 #478

<snip>
Source: cnbc
You might want to cite sources better than this.  Just saying something is from CNBC doesn't make it clear at all where your quote is from.  There's too much plagiarism on bitcointalk, and you ought to tell everyone exactly what article you're referencing. 

The other thing is that your English isn't good, and the way you write almost guarantees that you won't receive a lot of merit if you're posting in the English language section.  If your vocabulary isn't extensive and you don't express your thoughts efficiently in the language you're using, your posts are going to just get skipped by most people.  There's certainly nothing so far that makes your posts stand out against all the other ones in the threads you commented in.

It's gotten to the point here that I'm suspicious of any newbie making well-written posts.  I just got snookered into giving a merit to someone who'd copy/pasted something.  Frankly I haven't seen many noobs distinguishing themselves at all lately.  There are some, yes, but not a whole lot.

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MRY
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September 03, 2018, 07:36:01 AM
 #479

I think, there will continue to be negative news about bitcoin that will make the price of bitcoin continue to fall and many people become distrustful of bitcoin, and I think we don't need to think negatively about bitcoin we must keep thinking positively and believe that bitcoin has a good future for investment

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September 04, 2018, 05:12:41 AM
 #480

Bitcoin hedead to zero?
The former ceo of paypal Bill harris said that,bitcoin's value will continue to dwindle until it gets "eventually a whole lot closer to zero."and saying that there's just no value in bitcoin and "Bitcoin makes no revenue, no profitability."
he also called the cryptocurrency is a
"colossal pump-and-dump scheme, the likes of which the world has never seen."
I think this is non-sense, what about you?

Source: cnbc



We should be patience until Bitcoin become usefull because Bitcoin adaptaion into business wont happen in one night it takes some time and specially Bitcoin is the first digital currency in the world and even the concept is new to the world so in orer to build a good reputation to be accept by industries and comapanies to use as a currency it might need some time but Bitcoin will achieve that easily in the near future because the demand it has gained so far     
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