Could bitcoin be a good long term store of value just because we say it is?

tobixen (62) · 7 years ago

Some people defend the high bitcoin fees with ... "well, gold is also not supereasy to move around" (actually, not that difficult to move around 1 btc worth of gold. It can be sent by mail as well, probably for a lower fee than the current average bitcoin fee).

One big difference though, there is no global capacity ceiling on gold transactions.

$1.65

nokodemion (59) · 7 years ago

I am amazed we did not use blockchain deploying our troops. Maybe we could track THOSE TRANSACTIONS as well.

$1.04

5 votes

angelicawtfn (40) · 7 years ago

I've read about people arguing that it's important for bitcoin to evolve a fee market in order to include the storage and bandwidth resources it takes for nodes to maintain the network and validate transactions. I haven't read any comments saying categorically that the higher the fees the better. Could you please link the source? Who is defending high fees categorically?

$1.04

tobixen (62) · 7 years ago (edited)

I didn't say that a lot of people categorically thinks that high fees are good - but many people think "it's nothing to complain about". I quite much disagree with that.

The argument "we need a healthy fee level so we'll still have miners keeping the network going on when the block coinbase reward drops to 0" comes up every now and then; one thing is that miners still will enjoy coinbase rewards for an "eternity", another aspect is that to ensure a big fee income in the future, it's important to grow adoption and transaction volume today, rather than to just grow the fees. This ought to be quite obvious. I've touched on this in my bus analogy article.

$1.13

slygag (41) · 7 years ago

lightning network almost ready, will solve that problem for bitcoin...go see my post.......thanks....https://steemit.com/bitcoin/@slygag/lightning-at-last-bitcoin-scaling-layer-almost-ready

$0.00

ginquitti (51) · 7 years ago

I actually believe that when Bitcoin starts to reach its capacity and all most of the bitcoins are created, the price will stabilize pretty well. I dont the price can stabilize any other way. People say with more money the price will stabilize, but that will drive up the value and people will sell off, creating more volatility. I dont believe bitcoin will be a stable store of value for a while.

But i also believe it is the store of value against other cryptos and always will be

$0.40

tobixen (62) · 7 years ago

I actually believe that when Bitcoin starts to reach its capacity

I thought so already previous year, when Bitcoin started reaching its capacity.

I believe the continued growth is due to new "investors", keeping their coins on the exchanges and having no idea about the capacity limit.

$1.37

rockwellontherun (41) · 7 years ago

What will happen when Bitcoin starts to get mainstream adoption and it gets so much slower, showing that it's technically unable to handle such load?

$1.16

nokodemion (59) · 7 years ago

Satoshi is glowing in the dark.

$1.63

5 votes

ginquitti (51) · 7 years ago

Thats why I also believe that one of these bitcoin hardforks will take over and improve this. But the problem now is that people dont want to abandon Bitcoin, but I think they should. The fees are way too high and it is slow. Things cant keep going in the direction they are.

$1.25

kevincox (43) · 7 years ago

Which coin(s) do you ultimately see ‘winning out’ over BTC long term?

$1.26

ginquitti (51) · 7 years ago

I believe Litecoin is a possibility. Ethereum never will, but it will always be a good choice. I honestly believe IOTA is a game changer. I think i can become huge enough to rival bitcoin and possibly surpass bitcoin. But one of these Bitcoin forks will improve Bitcoin enough to win over most investors. Bitcoin Cash had potential, but it burned out because of security issues. There are many forks of bitcoin coming up. Like bitcoin lightning and super bitcoin and bitcoin platinum. There are many possibilities. But the strongest are IOTA Litecoin and a random bitcoin fork. Bitcoin will be around for probably a year or two more and then it will decline. This is my belief. Do you have an opinion?

$0.74

tobixen (62) · 7 years ago

Litecoin, I don't like it. It was a Bitcoin ripoff with no major value proposition, other than some people getting rich from the inflation of the crypto currency space. Charlie Lee is one of the big defenders of the current capacity limit in Bitcoin - probably because it makes his Litecoin more popular.

What's wrong with Ethereum?

IOTA, it's so far relatively unproven, they've made some weird technical design choices (like using trinary instead of binary, writing their own crypto algorithms from scratch, etc).

I haven't gotten through the whole whitepaper yet, but as far as I understand it every node needs to know the full history of all the coins they process, and every node needs to do proof-of-work, which I think doesn't sound much promising for a currency that's supposed to be used by embedded devices.

The concept doesn't sound much different from sharding, and sharding is on the roadmap both for BCH and ETH.

I haven't heard of the Bitcoin Cash security issue.

$1.37

ginquitti (51) · 7 years ago

Many good points. So which crypto do you see overtaking Bitcoin? It has to happen at some point right?

ginquitti (51) · 7 years ago

And what do you believe will happen to the bitcoin price in an hour when the bitcoin futures open up and Wall Street investors enter bitcoin?

kevincox (43) · 7 years ago

I ultimately think in 5-10 years from now, with the rise of insanely capable AI computer chips (http://fortune.com/2017/12/05/ibm-ai-chip-nvidia/) and/or quantum computing, we’ll be transacting using program(s) we don’t see today. In fact, I was always worried crypto would take too long to be adopted, and would become obsolete before adoption. However, now it’s apparent we’ve reached a critical enough of a mass to begin the s-curve of technology adoption, so in the coming years, I believe prices will rise exponentially, as we saw all of 2017. It’s for these reasons that I believe a “bitcoin/litecoin” partnership could lead the pack, simply because of name recognition, with dash and Monero close behind. In free markets like these, competition is near perfect, so I think the top coins we see right now will all be in play, especially if we develop systems for quick/easy/cheap currency conversions that occur seamlessly as a payment is made.

I think holding all the big fellas right now will get us to the promise land (at least, financially), and then eventually, we’ll move on from crypto (as we know it now) to the next best thing.

$0.10

ginquitti (51) · 7 years ago

Yes. The small ones make quick profits though percentage wise. So I’m trying to get into the bigs and some small ones

$0.09

vtce (44) · 7 years ago

ginquitti -You mention BCH had potential. What security issues did it have? BCH provided replay and wipeout protection. Are there new issues with BCH regarding vulnerabilities, or is this based on it's mining difficulty adjustment?

$0.00

fechaugger (48) · 7 years ago

BTC is troubling from ridicules energy needs,
Because the speculators pushed the prices up, this problem is never resolved.

And thus now we are with a very slow and ineffective bock-chain.

$1.12

tobixen (62) · 7 years ago (edited)

Yes, I believe so too, it's quite scary when the market value rises so much as it has been doing for the last year, because the mining energy consumption (measured in fiat) will grow (slightly delayed) linearly with the bitcoin value - and that's not sustainable. Even if the market price stabilizes at the current level, bitcoin mining will drive up energy prices worldwide, possibly enough that ordinary folks may get upset from this.

$1.19

ginquitti (51) · 7 years ago

This is why I believe Bitcoin will kill itself. Something needs to change within Bitcoin itself or one of these hard forks may be able to take over. It needs an improvement

$1.05

slimanepro (64) · 7 years ago

Do you think that Bitcoin will be disbanded To other currencies ???

$1.36

ginquitti (51) · 7 years ago

I believe Bitcoin will just lose its value. I suspect this will happen sometime in the future, hopefully not in 2018. But when this happens, I believe many people will lose their money and it will end very badly. Bitcoin can not last forever. That should be clear to everyone. It will simply lose value because another coin fixes the issues associated with Bitcoin.

Bitcoin is like the first pancake. It’s not the best and you mess up on it, but the next pancake is better. And the one after that is better. Basically you end up throwing the first pancake away and use the others instead because they are better.

How is that for technical vocabulary! LOL

$0.00

ludji (39) · 7 years ago

I honestly think its jut a matter of time people stop riding the prices and start to look into the actual technology. We just need to get more accustomed to cryptos and the focus will shift to how cryptos can benefit and make our everyday life easier.

$0.00

faissalchahid (1) · 7 years ago

$0.00

Reveal Comment

nikethemutt (53) · 7 years ago

In the end, Bitcoin is worth what people are willing to pay for it.

$1.40

slimanepro (64) · 7 years ago

Do you think if we work to educate people in a systematic way In order to use steemit to connect, blog and invest Thus increasing demand steam And it turns into an ideal way to store over the life ??

$1.35

giantbear (74) · 7 years ago (edited)

You know what...I don't care what it's worth! It is still freaking amazing that someone created this and that we can literally get money out of NOTHING. Here is South Africa you can literally buy a car with one bitcoin and currently you can put down a big deposit and pay off a big chunk of a home-loan if you wished. It is all just amazing. Steemit has changed my life forever and opened a whole new world to me. Even my parents that are in their late sixties are now involved... a bit difficult to explain to them but I cash out their steemit money and they are just glad about the money.

$1.21

6 votes

fechaugger (48) · 7 years ago

It is still freaking amazing that someone created this and that we can literally get money out of NOTHING

read that again, SLOWLY

$0.03

chuckypita (42) · 7 years ago

Money out of nothing? LOL - that's what the Federal Reserve and the world's central bankers have been doing for decades....

$0.00

grizgal (55) · 7 years ago

I agree that bitcoin, like any other asset, is worth exactly what someone is prepared to pay for it. Much the same as property. It can’t be valued by how much it costs to mine as what will happen when all (or practically all) bitcoin is mined? You just can’t value it that way!

$0.51

6 votes

tobixen (62) · 7 years ago

Right, some people have suggested that the bitcoin value should mirror the electricity costs that have gone into mining it. It's a bit the other way around I think, the electricity cost going into mining will eventually grow linearly with whatever the market is willing to pay for the bitcoin.

$1.09

grizgal (55) · 7 years ago

Although related it’s not directly related. For example, if price drops 50% difficulty won’t drop 50% as most miners have very cheap/ free electricity and have already bought hardware so it’s a sunk cost!

But I agree that if the price continues to grow, so will mining and hence difficult. And if the price drops miners may delay or cancel future investment but will not turn off existing miners!

$0.91

tobixen (62) · 7 years ago (edited)

Well, there are some "market inefficiencies":

With a growing market price, the electricity costs may fall way behind the market value due to a time lag - it takes time time to get new mining equipment online.

With a stable market price, the electricity costs will probably be some levels below the market value, mining equipment represents big investments, investors may shy away from risks and may require a decent return on the investment.

With a stable market price, mining cartels or big centralized mining pools may also decide not to invest too much into mining, as all new mining equipment put online hurts the profitability of existing mining equipment.

However, with a falling market price, we'll actually see equipment being turned off. There is equipment out there that is less efficient than others (i.e. old mining gear), and some miners are having higher electricity costs than others. If the price falls too much, some equipment will become unprofitable to run, and it will be put offline.

$0.99

grizgal (55) · 7 years ago

To an extent I agree. All the talk is now of a new massive figure that bitcoin will reach, which makes me rather nervous!

$1.31

10 votes

fechaugger (48) · 7 years ago

And what if the majority of the buyers, only want in because they expect an increase in price.

$0.39

grizgal (55) · 7 years ago

That has been the case for a long time now. The vast majority of people don’t buy bitcoin for its utility but because it has gone up so much and they want a part of the action. Current price is based on pure speculation!

$1.08

ginquitti (51) · 7 years ago

Yeah. This has been the case for a long time. It’s personally what attracted me to bitcoin at first. I was talking to someone about how to get rich and some random stranger mentioned bitcoin. I looked up the prices and the increases and was impressed. That got me looking into what was behind bitcoin and the other coins. I have learned so much since that time and I believe that one of these coins has to technology to become THE crypto currency. But i dont believe it will be bitcoin in the end. This is why i am invested in other coins, while still riding the price of bitcoin.

$0.00

kouba01 (81) · 7 years ago

Value is based on supply and demand.
The only difference between Gold and Bitcoin is that if people stop using them for monetary exchange Bitcoin will be worth 0 and Gold will be worth something greater than 0, but that amount would still be much lower than it is today.
Another way to think of it; It is personal fiat (I think it so) that gives anything value. It is government fiat (I declare it so) and force that gives the dollar value.

$0.39

discernente (76) · 7 years ago

Nothing has intrinsic value, and in light of this everything is somehow a bubble. And it will burst the moment everybody starts to think it is near to burst.

$0.36

transhuman (60) · 7 years ago

Did you coin (pun intended) the word "Absofreakinlutely"? I really like it as I am a fan of the creative and novel.

$0.21

rowlandokoli (35) · 7 years ago

You are 'AbsoFreakinglutely' correct with the intrinsic value which is what we agree it is becomes what it is. The truth is this: Money isn't the paper you tender as an exchange of value or service given. The money i transfer to you from my banking App is basically numbers just as the digits we transfer in crypto.
There is not intrinsic value in anything even Gold as we can decide that gold isn't worth a dime and it is so.

Those that are scared of cryptocurrency due to their assumption of it's value are actually deep in valueless transactions within the Fiat system.

$0.00

jerryaprc (25) · 7 years ago

Very true: "There is not intrinsic value in anything even Gold as we can decide that gold isn't worth a dime and it is so."

$0.00

jrcornel (84) · 7 years ago

Haha I wish. I heard it somewhere, can't say exactly where it was though. Feel free to use it :)

$0.00

qaismx (46) · 7 years ago

Very informative post, thanks for sharing

$0.11

infidel1258 (67) · 7 years ago

Thank you. You are exactly right.
When people talk about BTC or crypto having no value that implies that the millions of holders have no use for it or desire to keep it... Of course we do have use for it and we do want it so it does have a value. And the more people who want it, the more its worth.

Supply and demand.

Great post. Up-voted and resteemed.

$0.09

nokodemion (59) · 7 years ago

This is going to be Epic.

$0.96

nicktravers (40) · 7 years ago

Confidence is what gives any currency value. If everyone suddenly stops desiring a certain yellow, shinny, rare metal, the value would plummet, because the commercial use of this metal has a lot less value than its desirability. If banks start to value packages of sub-prime mortgages, they gain value as a currency and can be traded and sold, but if confidence is suddenly lost....
The bitcoin price will readjust (possibly sharply) when more people decide to sell than hold or buy, and confidence will plummet from there as everyone tries to lock in their gains. Until, that is, enough people decide it again posses an opportunity. It is all about confidence. Nick.

$0.00

davebrewer (59) · 7 years ago

I think futures will trigger major volatility for a few days at a minimum

Counting on that in fact

$0.09

ginquitti (51) · 7 years ago

I think the steep price increase caused the volatility we have seen recently. It’s are to see the impact of futures as of now. But i also believe the futures will cause volatility soon

$0.00

taspingo (50) · 7 years ago

Consider the profit of investing in cryptocurrency is profitable at least 1000%

$0.05

cupofjoe3474 (33) · 7 years ago

@jrcornel This is a great piece on not just bitcoin, but the concept of fiat money overall!

What makes Bitcoin unique is a lack of a centralized bank; and you did a fantastic job explaining how the market for the currency is based strictly on supply and demand.

I am part of an economics class that is using Steemit to learn about currency exchange, and this post helped a bunch! :)

$0.05

5 votes

yummyrum (56) · 7 years ago

It's something new and people are scared of that. Just see what it accomplished this year. It will get bigger and bigger!

$0.04

cryptosteve (45) · 7 years ago

your article is very professional,, from my point of view I believe that BTC will be worth more that $20k in the future,, because of new holders that are putting millions everyday in it,,, Since the majority of BTC holders do not need to sell their BTC at the moment,, or let us say they are waiting for BTC to reach $100k then sell,, some think positively that BTC will worth $500k so they wont sell in the near future, others may wait for $1million and so on, and here we are seeing that a fraction of BTC that worth $10 last year when the price of BTC was playing between $500 and $700 is worth more than $150 now because the price is rising quickly, traders see it but they do not feel it concerning holders they see it and feel it in the same time.

$0.02

turksays (49) · 7 years ago

In my opinion you should sell your bitcoins cuz big storm is about to come

$0.00

ginquitti (51) · 7 years ago

When do you predict this is coming?

$0.00

tag2017 (62) · 7 years ago

good post thank you

$0.00

godfatherofsalsa (45) · 7 years ago

At a guess I would say you live in Saudi with a name like Tagreid?

$0.00

awesomeblog (16) · 7 years ago

There is a lot of fluctuations in bitcoin but it sure going to go up because there is only 21 million of those

https://steemit.com/bitcoin/@awesomeblog/now-there-is-a-way-for-contagion-from-a-bitcoin-price-collapse-to-flow-into-the-rest-of-the-markets

$0.00

arturincelto (25) · 7 years ago

Short answer "YES".

$0.00

angelicawtfn (40) · 7 years ago

Excellent article.
May be the root of the problem is not people not understanding bitcoin, but people not uderstanding money:
https://steemit.com/bitcoin/@angelicawtfn/bubbles-risk-and-backing-exposing-ignorance-to-teach-crypto

$0.00

tighilt (49) · 7 years ago

After reaching a new historical record on Friday afternoon, above $ 18,000, Bitcoin then entered a correction phase, which seems logical following the sharp rise this week.

It remains to be seen whether the arrival of Bitcoin futures, which will be offered tomorrow to customers of the Chicago Board Options Exchange, will have an impact on its price.

$0.00

soruze (34) · 7 years ago

Bitcoin is exactly like gold. It has value because we choose to give it value.

$0.00

sinxsun (34) · 7 years ago (edited)

yeah i believe its worth what we think its worth 8) and i think its gonna be worth alot in the near future
i followed you and upvoted thanks for the post
Btc X.jpg

$0.00

priyanka (30) · 7 years ago

Well said.

$0.00

nnajmull (56) · 7 years ago

hey there can i resteemit your blog??@jrcornel

$0.00

jrcornel (84) · 7 years ago

Sure. Thank you!

$0.00

nnajmull (56) · 7 years ago

thanks, your blog resteemit done.please visit my profile now.???

$0.00

cryptonfused (46) · 7 years ago

It doesn't work like that. Can you please stop this habit of begging people to check your blog and work on making it more attractive to potential readers?

$0.00

nnajmull (56) · 7 years ago

thanks i will try my best..

$0.00

frankyboy (38) · 7 years ago

Kurzfristig gewinnt noch der Coin!
Langfristig gewinnt Gold zu 100%
Warum?
Gans einfach / Gold hat schon 100 Tausende von Jahren Überlebt!!

$0.00

lordneroo (72) · 7 years ago (edited)

Great post! Bitcoin is rare. Bitcoin is safe. Bitcoin is finite. Bitcoin is untraceable. The combination of all those makes it so valuable. Nowadays TRUST has value. They will realize that sooner or later.

$0.00

huielbashir (38) · 7 years ago

Great post sir. Who's to say that gold or even diamond is more valuable than bitcoin. Everything that people think is precious derives its value from people agreeing that it holds value, not because it has an intrinsic value in and of itself.

$0.00

inalittlewhile (54) · 7 years ago

Thanks for the heads up on the opening of the Futures market. It'll be interesting to see and possibly act on the reaction. :)

$0.00

bloomberg215 (54) · 7 years ago

Exactly. Bitcoin solves a lot of problems about money. Number 1 is store of value. If you have money in Bank, well that bank can decide that they will limit your withdrawal like in Greece.

$0.00

kaysar07 (54) · 7 years ago

can i resteem your post please tell me sir @jrcornel

$0.00

otage (70) · 7 years ago

Yes! Exciting times... getting ready for the fireworks!

$0.00

clausewitz (60) · 7 years ago

Nice post thanks!

$0.00

xr-hammergaming (71) · 7 years ago

Exciting time :)

$0.00

slygag (41) · 7 years ago

great post , thank you, same thing can be said for gold...it's worth what somebody else is ready to pay, yet gold as a market cap of about 8 trillion....but it could have been silver or copper ??? ..........now, bitcoin at around 220 b market cap is only beginning...

$0.00

fedesox (64) · 7 years ago

The real huge value of bitcoin is that it is owned only by its users and its usage is not forced upon people.
Intrinsic value is just an illusion in my opinion, we can easily say that gold is just a shiny rock or the dollar is just paper with a number on it...there is no instrinsic value in anything.

$0.00

erikvantools (49) · 7 years ago

bitcoin in my opinion will go down next days but after 1-2 weeks will go over 20.000$ i love BTC but i think also Steem /SBD will hit allot if BTC will go down :)

$0.00

karma.babe (25) · 7 years ago

du-te si lucreaza idiotule :)) cersetorule care ceri donatii de la altii :)) milogule :)) tot sa pierzi TOT !!!

$0.00

samadovich (39) · 7 years ago

Thanks for the information. I've my self just started to learn about the crypto and I had my concerns regard that it's not a tanjable object.and the miss guiding roumers that decive alot of new learners like me. So I m very thankful for the information.

$0.00

aburashed (53) · 7 years ago

Bitcoin aside over the years I've met some pretty awesome people from all other the world that at one time or another helped each other out as a team to get where we are today. Much respect to those guys alot are like family.

$0.00

xsid (51) · 7 years ago

This might be our last chance for sub-$20K BTC...
https://steemit.com/bitcoin/@xsid/your-last-chance-for-cheap-bitcoin

$0.00

https://steemit.com/bitcoin/@jerseynash/bitcoin-futures-what-to-expect

jerseynash (43) · 7 years ago

$0.00

sebi99p (56) · 7 years ago

People who say that Bitcoin has no value, don't understand the concept of money, in my opinion. Technically, not a single currency has any value. It's just a point system, that represent the value of different objects and services. Thus, the money itself, is just a reflection of what goods you can exchange for it. So if people decide that you can buy, say 100 liters of water with one bitcoin, then that's what it's worth.

I think it is in a bit of a bubble, but it won't go under 10,000$ again (or at least any time soon). But even if it does, you have to think of it as a service, too. It is just a fast value transfer that is not controlled by another entity for you, that could potentially seize it.

$0.00

brian.rrr (79) · 7 years ago

I think so! Hard to see it going down with demand outpacing supply and a restricted supply moving forward. I think bitcoin will pass $20k this week and $25k by year end!

$0.00

arabnews (36) · 7 years ago

قم بمتابعة افضل صفحه (عربيه اخبار) عرب وهذا يشجعنا لتقديم الافضل Follow the best Arab (Arab news) page and this…

$0.00

jahangirwifii (66) · 7 years ago

Do not borrow money to buy crypto & dont risk money you cant lose, a correction will come & its the new who will get hurt the most. Many of us here took years to learn the markets, if you think this game is easy.. you're wrong.. very wrong.

$0.00

justinashby (61) · 7 years ago

It is backed by Bits or units of information. We are living in a bit economy where reputation and information are currency. These are the currencies that run the world as we know it.

$0.00

theferalone (53) · 7 years ago

Humans can use anything as currency, spices, metals, beads, sea shells. It’s not the intrinsic value of a currency that matters. It’s that other people value it. So the question should be why do people value cryptocurrency, and why bitcoin? The media isn’t asking this. But there are so many reasons.

$0.00

energox (39) · 7 years ago

that's right!

$0.00

https://steemit.com/introduceyourself/@batfinkler/protecting-cryptocurrencies-and-maximising-profits

batfinkler (40) · 7 years ago

Is bitcoin a good long term store of value ? I'd say it is currently the best alternative store of value to Gold at the moment. It could however be easily surpassed in the future so people need to keep an eye on the crypto space and be ready to move assets if necessary. I started off thinking bitcoin was going to be a major global digital currency used everyday, however I'm not so sure anymore. As a store value Yes ! As a currency probably not ! I think coins like TenX might actually provide the missing link between cryptos and FiAT or decentralised exchanges like bitshares, who also offer digit assets such as bitUSD which maps 1-1 to present FIAT currencies may also help bridge the gap in the short term. I've just written an article about it if anyone is interested

$0.00

agcoeficiente10 (56) · 7 years ago

We totally decide the value and a true democracy in the free market with decentralization, a good and thoughtful publication.

$0.00

dainisg (40) · 7 years ago

@jrcornel totally agree with bitcoin view! :) btw, do you have some good reading about bitcoin futures?

$0.00

bitgeek (62) · 7 years ago

Congratulations @jrcornel, this post is the forth most rewarded post (based on pending payouts) in the last 12 hours written by a Superhero or Legend account holder (accounts hold greater than 100 Mega Vests). The total number of posts by Superhero and Legend account holders during this period was 41 and the total pending payments to posts in these categories was $2088.06. To see the full list of highest paid posts across all accounts categories, click here.

If you do not wish to receive these messages in future, please reply stop to this comment.

$0.00

cyrptoreports (53) · 7 years ago

The one thing you're missing though is that WE the holders also include institutional investors who hold vast vast amounts of the coin. They want to move on? They'll dump it all, drive the price down, create panic, price goes down further etc etc.

I think this thing is going to keep going up, but that's just my thought. I can't tell the future and that is the intrinsic risk here. Speculation and over exuberance are creating this run. It may last forever, it may not.

$0.00

davemanchester (50) · 7 years ago

Hmmm yes and maybe this can help others https://steemit.com/crypto/@davemanchester/getting-into-altcrypto-as-they-all-rise

$0.00

skysnap (67) · 7 years ago

I'd go for more secrete currency instead BTC in future though like dash, monero, zcoin etc. I don't see bitcoin more secure so it's not really much be that worth it.

$0.00

keela (39) · 7 years ago

Hello jrcornel, I do not think bitcoin will go up or down because we say so but it will be mass adoption and the futures that will drive the price up or down. Bitcoin was not made by the big banks and they did not shape. Bitcoin was born out of the blockchain which is powered by electricity, therefore how could the power at be keep bitcoin down. Upvote for you.

$0.00

travelchain (50) · 7 years ago

Hello!
My name is Natalia and I’m a community manager of the TravelChain project.
Our team really like your blog about crypto, bitcoin, blockchain and your opinions about that. I really admire all the efforts you put into making such an amazing and unique content! I would be happy if we could work together.
The thing is, right now I'm looking for enthusiasts who will share the same interest in blockchain startups as we do. We're creating our decentralized travel database on our OWN BLOCKCHAIN. There are a lot of things I can tell you about our project, team and what we’ve already achieved. You can find the information by this link: https://bitcointalk.org/index.php?topic=2364466
In addition, if you will be interested in our project, I would like to talk about cooperation in our bounty campaign (of course, with reward).
I hope to hear back from you soon!

$0.00

martinf (33) · 7 years ago

Honestly, i dont think Futures respect the beast that is Bitcoin. Everyone is going to get burnt. 1000s of early investors can fuck with Futures as well. I think they are so cocky they dont realise that.

$0.00

xsid (51) · 7 years ago

It seems that most agree, it is primarily a store of value:
https://steemit.com/cryptocurrency/@xsid/what-are-you-saving-your-cryptocurrency-investment-for

$0.00

cryptomegamoto (7) · 7 years ago

WANT TO EARN INTEREST OF YOUR BITCOINS

WANT TO EARN INTEREST OF YOUR BITCOINS

WANT TO EARN INTEREST OF YOUR BITCOINS

WANT TO EARN INTEREST OF YOUR BITCOINS

$0.00

adrian4all (47) · 7 years ago

What would happen if most of the governments of the world say "Is illegal to use Bitcoin in our territory"? A simple rumor that china would regulate or prohibit to use Bitcoin or any cryptocurrency few months ago fact that caused the falling of all prices principally bitcoin's price.
Just imagine that not one, but many Governments say the same at the same time.
All Governments are manipulated by the big capitals and in most of the cases that capitals belongs to big Bankers whom sees the Bitcoin as its biggest threat.
It would be the collapse of bitcoin, the pop of the bubble. No matter how many bitcoins you have, you will be not able to use it.
It could happen, it is possible, never say never.

$0.00

naidu (25) · 7 years ago

Very nice

$0.00

rawdoctor (47) · 7 years ago

While everything is priced in the after Nixon $ fiats there is no true price discovery mechanisms. But lets party! Everything works until it dosnt!

$0.00

ginquitti (51) · 7 years ago

It’s crazy how Coinmama shuts down for maintenance only an hour before bitcoin futures.... are any other exchanges doing this? Seems pretty shady

$0.00

dreamrafa (66) · 7 years ago

The only reason_gold_ have value is because people say so... So the only thing BTC needs to have value is people saying so... Thats it, end of discussion...

$0.00

jenara (52) · 7 years ago

Thanks for sharing knowledge. this post very interesting for me to learn the strategy of bitcoin. Thanks lot bro, I appreciates for this. Have nice day and please visit to my blog any times.

$0.00

debraycodes (52) · 7 years ago

Yessir, and the same for STEEM, SBD, ETH and any other currency that we decide has a real value.

$0.00

rksumanthraju (55) · 7 years ago

This is just a beginning !!! Bitcoin has lots of potential to grow and get into mainstream adoption !!!

$0.00