What if Bitcoin Never increases in "Value"?

[bitcoinbot]

When valued against USD or GBP.

I know a lot of people believe it's gonna go to the moon.. or at least rise steadily into the 1000's of dollars and a lot of people believe it's a Ponzi scheme which will eventually leave Bitcoin worthless but what if Bitcoin does nothing, it just sticks around the £200 - £250 mark forever?

[axel2078]

Why do people think it's a Ponzi scheme?  Isn't the whole point of a ponzi scheme that it is centralized? Bitcoin is decentralized and no one owns it or manages it.

[MF Doom]

When valued against USD or GBP.

I know a lot of people believe it's gonna go to the moon.. or at least rise steadily into the 1000's of dollars and a lot of people believe it's a Ponzi scheme which will eventually leave Bitcoin worthless but what if Bitcoin does nothing, it just sticks around the £200 - £250 mark forever?

It certainly would make it more usable!  If I buy some bitcoins today and dont get them for 4 business days (I usually use coinbase) I could end up with 10-25% less buying power.  If price stabilizes, I think it ultimately would be good, although a lot of people are here ONLY cause they think the price will go back up

[Orangina]

and now ... suddenly got paranoid   seriously , each time I decide & say "I will just buy 1-2 BTC & hold them, I'am pretty sure the price will rise" ... then I found simillar thread like yours  

Anyway , idk I guess it's a good thing if it get stable value but I would like to see the price rising & rising to earn some money

[TheButterZone]

My attitude is that 999 trillion topics about this subject are...

https://www.youtube.com/watch?v=07So_lJQyqw

[over1977v]

what if Bitcoin does nothing, it just sticks around the £200 - £250 mark forever?

It would mean Bitcoin is slowly losing value at the same rate as GBP.

Did you ever saw stable USD versus GBP, and these currencies have very high trading daily volume.

[bitcoinbot]

My attitude is that 999 trillion topics about this subject are...

https://www.youtube.com/watch?v=07So_lJQyqw

True but I didn't read the other 999 trillion threads.

I have another question. irrelevant what happens to the price in 10 years time will still have to buy bitcoin with fiat or can I buy bitcoin another way?

[Harvey Specter]

What if? Well a lot of people will lose some money but a lot of people will be disappointed that this revoultionay system didn't work.

[totemITnow]

I have another question. irrelevant what happens to the price in 10 years time will still have to buy bitcoin with fiat or can I buy bitcoin another way?

I guess normal people could just earn Bitcoins instead of local currency in ten years.

[LiteCoinGuy]

Why do people think it's a Ponzi scheme?  Isn't the whole point of a ponzi scheme that it is centralized? Bitcoin is decentralized and no one owns it or manages it.

stock market is a bigger Ponzi scheme 

[franky1]

True but I didn't read the other 999 trillion threads.

I have another question. irrelevant what happens to the price in 10 years time will still have to buy bitcoin with fiat or can I buy bitcoin another way?

yes you can buy bitcoin with ANTHING.

infact overstock right now buys bitcoins by handing people goods and products
infact dell right now buys bitcoins by handing people computers
alpaca socks buys bitcoins by handing people socks
foodler buys bitcoins by handing people fast food.

if you are a business selling products, you too can buy bitcoins, not with fiat but by handing people your goods and they hand you bitcoins.

a future vision many people have is that at some point grocery stores will swap bread, milk and toilet paper for bitcoin and pay their staff in bitcoin

[MF Doom]

True but I didn't read the other 999 trillion threads.

I have another question. irrelevant what happens to the price in 10 years time will still have to buy bitcoin with fiat or can I buy bitcoin another way?

infact overstock right now buys bitcoins by handing people goods and products
infact dell right now buys bitcoins by handing people computers

and in turn sells bitcoins for fiat.  so essentially just more selling of bitcoins

[e1ghtSpace]

I don't really care if it doesn't rise in value. As long as it doesn't drop in value I'm good.
If it goes down to $1 then I'll be sad, but then happy as I can buy more than 1 btc.

[theblacksquid]

True but I didn't read the other 999 trillion threads.

I have another question. irrelevant what happens to the price in 10 years time will still have to buy bitcoin with fiat or can I buy bitcoin another way?

infact overstock right now buys bitcoins by handing people goods and products
infact dell right now buys bitcoins by handing people computers

and in turn sells bitcoins for fiat.  so essentially just more selling of bitcoins

Overstock actually holds a portion of their BTC profits. (can't remember the actual % rate)

[theblacksquid]

Also, if/when BTC's price finally stabilizes, more people would actually use it more for day-to-day transactions, and those who are getting/going to be hit with "negative interest rates" at banks and countries with seriously mismanaged currencies (Zimbabwe, Argentina) will turn to Bitcoin as a store of value.

[Cryptowatch.com]

This cannot be said often enough:

- The value of a single Bitcoin is no indication of the value of the Bitcoin technology. If the USD/BTC rate is 1 or 1000, it does not really matter. What matters is the fact that you can use Bitcoins to purchase services and goods. And you could also use it to store value, with no 100% guarantees of course.

The fact that some people want their bitcoins to increase in value in relation to traditional fiat currencies, means they might be more concerned with their personal wealth, than contributing to the bitcoin system as a whole. This is not surprising, as human nature is largely egoistical.

Personally I think regression or standstill is preferred, as that keeps the noise down, once a lot of people starts to have dollars in their eyes, we get to experience a circus again.

My advice would be to stay patient, as traditional governments and financial institutions are gradually failing. Learn about bitcoin, and the implications it has for humanity, instead of only thinking of increasing of your personal wealth by buying bitcoins, doing nothing, and hoping they will increase in value, so you can cash them out in the failing dollar.

If you want to make bitcoin work for you, start offering something and get bitcoins in return.

[theblacksquid]

This cannot be said often enough:

- The value of a single Bitcoin is no indication of the value of the Bitcoin technology. If the USD/BTC rate is 1 or 1000, it does not really matter. What matters is the fact that you can use Bitcoins to purchase services and goods. And you could also use it to store value, with no 100% guarantees of course.

The fact that some people want their bitcoins to increase in value in relation to traditional fiat currencies, means they might be more concerned with their personal wealth, than contributing to the bitcoin system as a whole. This is not surprising, as human nature is largely egoistical.

Personally I think regression or standstill is preferred, as that keeps the noise down, once a lot of people starts to have dollars in their eyes, we get to experience a circus again.

My advice would be to stay patient, as traditional governments and financial institutions are gradually failing. Learn about bitcoin, and the implications it has for humanity, instead of only thinking of increasing of your personal wealth by buying bitcoins, doing nothing, and hoping they will increase in value, so you can cash them out in the failing dollar.

If you want to make bitcoin work for you, start offering something and get bitcoins in return.

*THUMBS UP*

[TheButterZone]

* TheButterZone offers fucktons of somethings, gets bitcoins in return, that almost always drop in value relative to the somethings

If anyone's wondering how that ^ happened, bitcointalk takes

Code:

/me

and formats the text following it like an IRC message.

[busterroni]

* TheButterZone offers fucktons of somethings, gets bitcoins in return, that almost always drop in value relative to the somethings

If anyone's wondering how that ^ happened, bitcointalk takes

Code:

/me

and formats the text following it like an IRC message.

* busterroni says Hello World!

[Cortex7]

Why do people think it's a Ponzi scheme?  Isn't the whole point of a ponzi scheme that it is centralized? Bitcoin is decentralized and no one owns it or manages it.

Totally agree... anyone who says bitcoin is a ponzi scheme:

does not know what a Ponzi scheme is.
does not know what money is.
does not know what Bitcoin is.