Don't buy bitcoin because it won't be fine

[fxsurfer]

... dollars by people who were issued dollar loans for the fulfillment of their loan contracts, ...

Like dollars, you can use bitcoins to repay loans, right? So, Bitcoin is useful.

... But transferability in itself is useless ...

I think this is where your point becomes absurd and moot.

You write that food is useful, yet it is only useful to me if it is transferred to me. The usefulness of food depends on its transferability. Doesn't that make its transferability useful?

Also, you write that loans are what make money useful. Isn't a loan just an agreement to make transfers?

For every dollar that is in circulation there is a borrower who used these dollars to borrow goods and services from the general public which is why he is legally obligated by the loan contract (backed by collateral) to return dollars back to the issuer (bank), and in the process have less purchasing power for the goods and services. This is how he "returns" borrowed goods and services back to the general public. Now, tell me, which Bitcoin miner has the obligation to return goods and services back to the general public, he received from them when he released Bitcoins into the circulation?

[globalking]

I don't agree with you this is the time to buy bitcoin as much as you can I doubt you cannot get bitcoin on this price in the near future.

[callyf]

Hello all
It is fine to but even dont buy and sell by any advice.its good search and do by your own

[fxsurfer]

I don't agree with you this is the time to buy bitcoin as much as you can I doubt you cannot get bitcoin on this price in the near future.

By what method did you determine that this is the time to buy if in the past the price of Bitcoin was at 0.001 USD, which is 99.99997 percent lower than current price?  

[KuyaBreezy]

many of the things you indicated here can also be reflected in our current financial system, the vast majority of our money is now electronic, I doubt very much that in the world there are enough dollars to meet the demand that would generate everyone to take their money at once and demand that it be in cash.

[Bonsaiav]

Hence, dollar is product like food or clothing, with the capacity to be used, consumed or practically utilized by its end users - borrowers.

We cannot deny that the existence of the dollar and other cash currencies always gets a place in the community and can be accepted by the wider community. Understandably, the dollar is a currency that is fully supported by the government, no wonder its existence is considered to have a broad and practical capacity.

Bitcoin on the other hand has no such utilizable capacity - it cannot be used, which is why it can only be transferred - i.e. passed from address-to-address, from hand-to-hand, from member-to-member. In other words, in the bitcoin circulation chain, nobody is able use bitcoin, like in the case of dollars, goods, services and similar utilizable resources..., which is why such resources can be obtained from new investors only.

Because, the existence of bitcoin has been complicated by the government with various restrictions, so that bitcoin cannot function properly, like fiat currencies produced by the government. But, have you ever imagined, what would happen, if bitcoin were adopted massively?

[bigbosma]

Despite the fact that the innovative form of bitcoin is not accepted by everyone, it is much more convenient than the usual dollars or other currencies. Therefore, it will continue to evolve.

[AiBBio]

It is just a panic! I think that this is not the end of Bitcoin, it is just a start. The winner is not who does not fall, but is who get up the first.

[kamilah147]

Despite the fact that the innovative form of bitcoin is not accepted by everyone, it is much more convenient than the usual dollars or other currencies. Therefore, it will continue to evolve.

the truth is not everyone accepts bitcoin at this time. but bitcoin can also develop continuously. Moreover, there are quite a lot of interested people, although not entirely interested people. but on the other hand the development of bitcoin is definitely a risk beside it. but we must face this risk not to be feared.

[nellakarisma]

if I'm Now Still using bitcoin bro. because I'm sure the price of bitcoin will improve. but for the time being I chose to make all the assets I owned into paper currency. like dollars and so on. then I invest short term in crypto

[lutfi-hasan]

Yes it is true, for now I am doing the same thing with you, which is to sell my Bitcoin into Fiat currency first, because currently the price is not conducive in the exchange market, I better wait for the price of Bitcoin to be deeper than the price recently. Because many rumors say that the price of Bitcoin will continue to fall.

[Boybugwal760820]

Well maybe that's your own opinion not to buy bitcoin maybe because you are thinking that bitcoin will never recover back to its glorious day when it has a very high market value but there are still many of our fellow crypto enthusiast that still believe that bitcoin will increase its market value and for them this is the right time to invest in bitcoin while their market value are on its lowest point.

[jcarlo]

Bitcoin far from called ponzi scheme. Bitcoin price determined by market and in fair supply and demand. If bitcoin is ponzi scheme, i am believe big financial institution will not investing in bitcoin but we know that bitcoin will be trade in ETF market

[Janation]

I don't agree with you this is the time to buy bitcoin as much as you can I doubt you cannot get bitcoin on this price in the near future.

As an investor, it is a great time to buy something that is cheap that will be having a great value in the future.

The Bitcoin price might be low but we must take advantage of this low price as it might be having a great price leap in the near future. We all know the price is volatile and we don't know what might happen but I think it will increase more in the future as people will be buying in this time when the price is low. I suggest investors of Bitcoin to take advantage of this opportunity.

[MakaveliTA]

If you don't believe in the long term don't buy, simple.

[Ronnie colman]

dont invest in what your not believe better to leave...

[MMS2017]

bitcoin is fine and i like it because of it's online features now a days while crypto is very good for online payment and now investing in this sector is the best option for me i am watching this market for last two years and i realize that in future it will have a big market.

[Callanta787]

Because its digital currency that's why many still believes its a scam ,in the future we won't have choice but to stick with digital currency and fiat will still be existing but only fewer people will keep fiat ,bitcoin and all other cryptocurrencies are the future

[odolvlobo]

For every dollar that is in circulation there is a borrower who used these dollars to borrow goods and services from the general public which is why he is legally obligated by the loan contract (backed by collateral) to return dollars back to the issuer (bank), and in the process have less purchasing power for the goods and services. This is how he "returns" borrowed goods and services back to the general public. Now, tell me, which Bitcoin miner has the obligation to return goods and services back to the general public, he received from them when he released Bitcoins into the circulation?

So, a dollar is useful because it is created by borrowing from a bank, but a bitcoin is not useful because isn't created by borrowing from a bank. What about the mode of creation make one useful and the other not useful?

[sfr2017]

I think it's the opposite is true don't sell your bitcoin and hold its and buy more is fine now it's my opinion