Bitcoin has no practical use and could be damaging to the economy!

[CaVO32]

Still I won't change my idea about Bitcoin and will still continue to use it even though the guys words hurts me a little.

It shouldn't hurt. In fact, some times I feel sorry for people who are so close minded, because they are the ones losing out, not we. You should feel strengthened that Bitcoin is subjected to so much skepticism. In most cases people are salty about not having bought in sooner. Instead of utilizing the current bear market, they continue to talk about how it can't work.

Little that they know, they will feel even saltier in the next couple of years when we reach new highs. People's main problem is that they think the initial stage of revolution is over, but it's far from over. We barely made it past our first obstacle and the second one is quite literally too distant with how this speculative phase won't just come to an end. Markets need time to mature, so does Bitcoin.

It doesn't happen all that often to see a new shift in technology or money that could change the world. Instead of enjoying it, people fight against it.

very well-said. i feel sorry also to people who are being negative towards bitcoin or crypto or blockchain. if only they knew the benefits that they can derived from using cryptocurrencies, i bet they won't be saying any false statements towards this technology. but i believe, they will realize sooner or later about the amazing benefits from this technology and noticed that their perception was totally wrong. but i suggest, if people really don't know the concept behind a particular technology, just make sure that their statements will make sense or they will be perceived as the laughing stock in the community.

[mrdeposit]

Still I won't change my idea about Bitcoin and will still continue to use it even though the guys words hurts me a little.

It shouldn't hurt. In fact, some times I feel sorry for people who are so close minded, because they are the ones losing out, not we. You should feel strengthened that Bitcoin is subjected to so much skepticism. In most cases people are salty about not having bought in sooner. Instead of utilizing the current bear market, they continue to talk about how it can't work.

Little that they know, they will feel even saltier in the next couple of years when we reach new highs. People's main problem is that they think the initial stage of revolution is over, but it's far from over. We barely made it past our first obstacle and the second one is quite literally too distant with how this speculative phase won't just come to an end. Markets need time to mature, so does Bitcoin.

It doesn't happen all that often to see a new shift in technology or money that could change the world. Instead of enjoying it, people fight against it.

very well-said. i feel sorry also to people who are being negative towards bitcoin or crypto or blockchain. if only they knew the benefits that they can derived from using cryptocurrencies, i bet they won't be saying any false statements towards this technology. but i believe, they will realize sooner or later about the amazing benefits from this technology and noticed that their perception was totally wrong. but i suggest, if people really don't know the concept behind a particular technology, just make sure that their statements will make sense or they will be perceived as the laughing stock in the community.

I guess everyone here is knowledgeable about how useful Bitcoin can be. But humanity is not ready for it. Today most people can not understand the meaning of electron money. As the technology progresses, cryptocurrency will find its place and develop.

[LUCKMCFLY]

It is contradictory for an influential person and technology believer to say something like that about bitcoin.

Normally speculators are those who do not take technology into account because they believe in the potential of an action or in this case of bitcoin. The bitcoin not only has a high connotation in the environment of market speculation, immersed takes a large content of technology and progress to humanity, in fact, it is an economy completely free of governments or third parties, depends only on the Supply-Demand , the only weakness, I think that is that it is not backed by any kind of metal, oil, or some kind of liquidity that shows a bit of stability.

Currently, Bitcoin has been compared with Gold, despite the fact that bitcoin was born in 2009, and Gold has years in the market, the achievements of technology are evident through bitcoin, it is normal that there are many enemies that will attack Bitcoin incessantly, but this technology is very well designed, The more you attack the bitcoin, the stronger it will become and the more followers it will take.

[Oceat]

Still I won't change my idea about Bitcoin and will still continue to use it even though the guys words hurts me a little.

It shouldn't hurt. In fact, some times I feel sorry for people who are so close minded, because they are the ones losing out, not we. You should feel strengthened that Bitcoin is subjected to so much skepticism. In most cases people are salty about not having bought in sooner. Instead of utilizing the current bear market, they continue to talk about how it can't work.

Little that they know, they will feel even saltier in the next couple of years when we reach new highs. People's main problem is that they think the initial stage of revolution is over, but it's far from over. We barely made it past our first obstacle and the second one is quite literally too distant with how this speculative phase won't just come to an end. Markets need time to mature, so does Bitcoin.

It doesn't happen all that often to see a new shift in technology or money that could change the world. Instead of enjoying it, people fight against it.

very well-said. i feel sorry also to people who are being negative towards bitcoin or crypto or blockchain. if only they knew the benefits that they can derived from using cryptocurrencies, i bet they won't be saying any false statements towards this technology. but i believe, they will realize sooner or later about the amazing benefits from this technology and noticed that their perception was totally wrong. but i suggest, if people really don't know the concept behind a particular technology, just make sure that their statements will make sense or they will be perceived as the laughing stock in the community.

I guess everyone here is knowledgeable about how useful Bitcoin can be. But humanity is not ready for it. Today most people can not understand the meaning of electron money. As the technology progresses, cryptocurrency will find its place and develop.

What does electron money means, btw?

You should have to consider that most people will not agree or accept the new technology as they were so fed up with their old school style but if some of them happen to educate themselves to learn what is this cryptocurrency. They might change their perspective of how they see this new technology that could actually help them in the long run.

[Moiyah]

The guy stated and emphasize his reasons why he said that.

I don’t see any reason why people should be prohibited from owning them. I see bitcoin as just another ‘foreign’ currency — only one without a country. That being said, I see no practical use for bitcoin or nearly any other cryptocurrency.

His opinion about cryptocurrency is negative because of his observations in India. Though he has some point that it is somewhat be damaging the economy because of misusing it. But for me, it will somehow be the help to the economy. Cryptocurrency can also be an investment, as an online payment method, we can not say it can be a destroyer to the economy because of this useful things.

[Indrawan77]

The one that said bitcoin doesn't got any practical used need to learn more about btc and the history of bitcoin, bitcoin had already make so many good contributions to the economic side by providing more job opportunities, more business opportunities and make people become rich, from the transaction system it gives an easy way to do transaction, a fast, secure and transparent transaction, I think some people still hasn't ready to accept crypto, they prefer traditional things where its tangible and control by the government

[andriarto]

Still I won't change my idea about Bitcoin and will still continue to use it even though the guys words hurts me a little.

It shouldn't hurt. In fact, some times I feel sorry for people who are so close minded, because they are the ones losing out, not we. You should feel strengthened that Bitcoin is subjected to so much skepticism. In most cases people are salty about not having bought in sooner. Instead of utilizing the current bear market, they continue to talk about how it can't work.

Little that they know, they will feel even saltier in the next couple of years when we reach new highs. People's main problem is that they think the initial stage of revolution is over, but it's far from over. We barely made it past our first obstacle and the second one is quite literally too distant with how this speculative phase won't just come to an end. Markets need time to mature, so does Bitcoin.

It doesn't happen all that often to see a new shift in technology or money that could change the world. Instead of enjoying it, people fight against it.

very well-said. i feel sorry also to people who are being negative towards bitcoin or crypto or blockchain. if only they knew the benefits that they can derived from using cryptocurrencies, i bet they won't be saying any false statements towards this technology. but i believe, they will realize sooner or later about the amazing benefits from this technology and noticed that their perception was totally wrong. but i suggest, if people really don't know the concept behind a particular technology, just make sure that their statements will make sense or they will be perceived as the laughing stock in the community.

I guess everyone here is knowledgeable about how useful Bitcoin can be. But humanity is not ready for it. Today most people can not understand the meaning of electron money. As the technology progresses, cryptocurrency will find its place and develop.

What does electron money means, btw?

You should have to consider that most people will not agree or accept the new technology as they were so fed up with their old school style but if some of them happen to educate themselves to learn what is this cryptocurrency. They might change their perspective of how they see this new technology that could actually help them in the long run.

every time there is something new, of course it takes time for adaptation, for those who are still comfortable with the conventional system, of course they will reject it because it can disturb their comfort. but keep in mind the world is always developing, so we must follow it. of course the government will also look for solutions to maintain its economy

[alisafidel58]

What does electron money means, btw?

I think, what he was trying to say was electronic money.

You should have to consider that most people will not agree or accept the new technology as they were so fed up with their old school style

Meaning not using any modern technology like mobile phones and computers??


People are fed up with lies about crypto currency which is vastly used for online scam. These kinds of reason is the sole reason why they dont even consider to use crypto currency.

[tadpole_bitfrog]

 journalists can say anything or fabricate anything to make their news site stand out. that's also why legendary investors never believe the words of the media.
We do not need to prove this article, in fact are saying what needs to be proved. Venezuelans are very happy with buying Bitcoin.

[Janation]

journalists can say anything or fabricate anything to make their news site stand out. that's also why legendary investors never believe the words of the media.
We do not need to prove this article, in fact are saying what needs to be proved. Venezuelans are very happy with buying Bitcoin.

They are "legendary Investors", we don't need to argue with that.

These investors don't need to believe with those journalists or the articles they wrote since they know what they are doing. Why would we call it "legendary investors" if not, right? We all know there are a lot of people bad mouthing Bitcoin not even knowing what it is, it is sad and at the same time funny looking at these people trying hard to take down something that can't be taken down that easily.

[Thanasis]

journalists can say anything or fabricate anything to make their news site stand out. that's also why legendary investors never believe the words of the media.
We do not need to prove this article, in fact are saying what needs to be proved. Venezuelans are very happy with buying Bitcoin.

Not all the people are same,this article was created for the purpose of manipulating the prices,we have the practical usage though since we can send and receive the bitcoin,what we need to expect more from bitcoin?

[Jimmymark]

Bitcoin can no way damage the economy. Bitcoin can help increase global trading markets. This in return increase local economy power. More trade more strong compnay get.

The only damage it will have is can’t tax this coin because it has no back attachment safe transfer. But tax can be done if invoicing trading bills can be attached to all payment.
Easy right.

[Harlot]

When it comes to cryptocurrency news the news will be good or not depending on who you are asking. In this case we are seeing an opinion from a guy coming from a auditing firm which we all know that these individuals have nothing good to say from the industry. They are just here not accepting that there is a new market knocking them up and messing there business. Their opinion is something they know will come out in the news just to mess us up which ideally is working as most of the hodlers here don't have the guts enough to believe in there own investments.

[FlightyPouch]

journalists can say anything or fabricate anything to make their news site stand out. that's also why legendary investors never believe the words of the media.
We do not need to prove this article, in fact are saying what needs to be proved. Venezuelans are very happy with buying Bitcoin.

Not all the people are same,this article was created for the purpose of manipulating the prices,we have the practical usage though since we can send and receive the bitcoin,what we need to expect more from bitcoin?

Not really manipulating the prices but manipulating the people reading their articles. That is the power of media and I don't think the community will ever find a way to stop them since media is just that powerful. It is right that we are the ones using it so we know what should be done and what should we do to them, just ignore.

[imstillthebest]

journalists can say anything or fabricate anything to make their news site stand out. that's also why legendary investors never believe the words of the media.
We do not need to prove this article, in fact are saying what needs to be proved. Venezuelans are very happy with buying Bitcoin.

Not all the people are same,this article was created for the purpose of manipulating the prices,we have the practical usage though since we can send and receive the bitcoin,what we need to expect more from bitcoin?

Not really manipulating the prices but manipulating the people reading their articles. That is the power of media and I don't think the community will ever find a way to stop them since media is just that powerful. It is right that we are the ones using it so we know what should be done and what should we do to them, just ignore.

Keep in mind that not all news/article that you find online is fake because there are still some that are legit and have a real source . we can use those as a reference if we will buy or sell because they do really have an impact on the prices of cryptos  . meanwhile , bitcoin is not useless .  it cant either damage the economy of a country  .  bitcoin completely work opposite  because it only brings an advantage to the people that accepts it .

[logicgate]

What does electron money means, btw?

I think, what he was trying to say was electronic money.

You should have to consider that most people will not agree or accept the new technology as they were so fed up with their old school style

Meaning not using any modern technology like mobile phones and computers??


People are fed up with lies about crypto currency which is vastly used for online scam. These kinds of reason is the sole reason why they dont even consider to use crypto currency.

  Alas people are playing with feeling of others just for the sake of their own benefit and profit, I know people really spread fear among people for scamming, so that why people are worry before investing in crypto currency, but it is not like this, at the same time some countries are using it for daily use to buy I goods, some are earning and some are investing which is helping to make economy higher.

[greeklogos]

Probably it's true that bitcoin doesn't used as currency for sell/buy goods and servises so often like fiat. But what about its trade? I think it's the most traded currency in the world now and that case can be seen as, particular use of bitcoin.

[akram143]

We cannot say completely be  Bitcoin has no use for the economy because we are under estimating the development and the power after Bitcoin uses if it has been possible to make the economy to be more developed and helping for the stability it can be definitely accepted by the government of all over the world because the future will definitely need some changes I think it will be the Bitcoin

[gowobonyok]

hi, you should be more objective. we also see gold, investment assets that are also rarely used but are worth more after being made jewelry. bitcoin is also the same, assets that are currently not used as anything. but in the future, along with technological developments, bitcoin will definitely be formed into something of economic value.

[orions.belt19]

What does electron money means, btw?

I think, what he was trying to say was electronic money.

You should have to consider that most people will not agree or accept the new technology as they were so fed up with their old school style

Meaning not using any modern technology like mobile phones and computers??


People are fed up with lies about crypto currency which is vastly used for online scam. These kinds of reason is the sole reason why they dont even consider to use crypto currency.

People's natural reaction to change is usually negative. This is a natural psychological reaction that happens to anything, not only with crypto. They are quick to reject it even while they haven't even given a chance to get to know it. This may have even happened during the initial introduction of new technology such as smartphones and computers. Many inventions are mostly rejected by the public because of this fear. People don't even consider cryptocurrency because they are scared of something so alien and new to them.