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Author Topic: Bitcoin was just an investment?  (Read 1807 times)
wesk1212 (OP)
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December 31, 2014, 11:22:36 PM
 #1

Im coming closer to conclude that

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wesk1212 (OP)
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December 31, 2014, 11:23:42 PM
 #2

And some people believe it will replace fiat...

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December 31, 2014, 11:35:03 PM
 #3

yes it will replace fiat
you can find a lot of merchants accepting this for payment where they were accepting CC or other methods only in past
its on the way to be an alternate to fiat, its currency of future
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December 31, 2014, 11:41:54 PM
 #4

Im coming closer to conclude that

Bitcoin is a digital currency making inroads into traditional payment portals. It's time now to get vendors on the payroll train.
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December 31, 2014, 11:53:53 PM
 #5

yes it will replace fiat
you can find a lot of merchants accepting this for payment where they were accepting CC or other methods only in past
its on the way to be an alternate to fiat, its currency of future

A replacement is something entirely different than an alternative.
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January 01, 2015, 12:11:39 AM
 #6

yes it will replace fiat
you can find a lot of merchants accepting this for payment where they were accepting CC or other methods only in past
its on the way to be an alternate to fiat, its currency of future

A replacement is something entirely different than an alternative.

If it does ever even come to this, it'll take a long time. Regardless of speculation, I don't see fiat disappearing anytime soon.



 

 

 

 

 

 


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LiteCoinGuy
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January 01, 2015, 12:18:23 AM
Last edit: January 01, 2015, 12:30:48 AM by LiteCoinGuy
 #7

no, bitcoin is much more. just learn some more:

https://www.youtube.com/watch?v=O0oDDIy0P2s

https://www.youtube.com/watch?v=4nOfHpOFhN8

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January 01, 2015, 01:20:51 AM
 #8

And some people believe it will replace fiat...
Only expand, remember there are bazillions of currencies in existance. Working in parallel. Each have it's niche, either beeing locally accepted or universally applicable (as in world's reserve)

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January 01, 2015, 02:01:40 AM
 #9

not really!  I know many ppl bought it for earning big profits. But the most significant advantage of it is its payment network and its fundamental blockchain.

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January 01, 2015, 02:37:46 AM
 #10

Its depends on people how they want to use it.
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January 01, 2015, 02:39:48 AM
 #11

Im coming closer to conclude that
I see no need for that negativity. This is bitcointalk, not fiattalk.

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January 01, 2015, 02:58:47 AM
 #12

Bitcoin doesn't get the recognition that it deserves. Most people who are part of the Bitcoin community only see it as a way to get more fiat. The fiat is the end goal and Bitcoin is just a speculative means to achieve that. Well folks, Bitcoin was supposed to be more than that. It was supposed to be the first decentralized currency and payment network outside the control of centralized banks and governments. But the people don't care about that. They just care about the dollar bills. Unfortunately, I admit I fit in this category too.

We have betrayed Satoshi. Cry

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January 01, 2015, 02:59:22 AM
 #13

Bitcoin was just an investment? Im coming closer to conclude that
So was oil.

Remember Aaron Swartz, a 26 year old computer scientist who died defending the free flow of information.
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January 01, 2015, 04:11:43 AM
 #14

Bitcoin doesn't get the recognition that it deserves. Most people who are part of the Bitcoin community only see it as a way to get more fiat. The fiat is the end goal and Bitcoin is just a speculative means to achieve that. Well folks, Bitcoin was supposed to be more than that. It was supposed to be the first decentralized currency and payment network outside the control of centralized banks and governments. But the people don't care about that. They just care about the dollar bills. Unfortunately, I admit I fit in this category too.

We have betrayed Satoshi. Cry

Not sure I agree... If fiat currencies weren't speculative Forex and other currency exchanges would not exist. Bitcoin is no different... It's as speculative as other currencies except more volatile due to it's unique characteristics and young age. Give it time and you will feel different.
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January 01, 2015, 04:42:33 AM
 #15

Bitcoin doesn't get the recognition that it deserves. Most people who are part of the Bitcoin community only see it as a way to get more fiat. The fiat is the end goal and Bitcoin is just a speculative means to achieve that. Well folks, Bitcoin was supposed to be more than that. It was supposed to be the first decentralized currency and payment network outside the control of centralized banks and governments. But the people don't care about that. They just care about the dollar bills. Unfortunately, I admit I fit in this category too.

We have betrayed Satoshi. Cry

Don't cry. I believe somewhere he's still involved and thrilled with its progression. I mean, for the short time, a completely new technology that acts as a currency, i think we're doing great.   Cheesy
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January 01, 2015, 03:37:06 PM
 #16

Im coming closer to conclude that

What the hell is this supposed to mean? It's a decentralized currency, and people have chosen to speculate on it as an investment, but it's still a currency at the end of the day.

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January 01, 2015, 03:57:25 PM
 #17

To many, many....yes

But for many others (including myself) it's a currency with potential. The sooner we rid ourselves of the "investors" the better.

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January 01, 2015, 06:14:36 PM
 #18

It's designed to replace the current currency,but most people would consider Bitcoin as a investment for people would love more dollars rather than decentration. Cheesy
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January 01, 2015, 06:48:48 PM
 #19

The sooner we rid ourselves of the "investors" the better.

Nope I don't think so! The 'investors' want there investment to grow so are helping push retailers and businesses to use it as a way of transmitting wealth. The more exposure bitcoin has the more chance it has of becoming more wide spread.
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January 01, 2015, 07:15:27 PM
 #20

Bitcoin doesn't get the recognition that it deserves. Most people who are part of the Bitcoin community only see it as a way to get more fiat. The fiat is the end goal and Bitcoin is just a speculative means to achieve that. Well folks, Bitcoin was supposed to be more than that. It was supposed to be the first decentralized currency and payment network outside the control of centralized banks and governments. But the people don't care about that. They just care about the dollar bills. Unfortunately, I admit I fit in this category too.

We have betrayed Satoshi. Cry
You don't real want the dollars. You just want the stuff you can buy with them.

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