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    Author Topic: Maybe BTC wont last because NO ONE really profits from it...  (Read 502 times)

    • Nisharawal
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    July 04, 2018, 02:03:39 PM
     #21
    First of all thanks for sharing a true and honest opinion from your side Wink. I would like to tell you that all the markets in the world are driven by the Greed and Fear and the trading totally depends on these two factors because supply and demand are driven by these two factors. Don't compare bitcoin with other altcoins as both have different quality of services in their different technology ecosystem. Coming to the trading point, this is not true that BTC won't last in coming months because I am earning a good income from that and also you should be knowing when to enter long and shorts in bitcoin and other cryptocurrencies. I would advise you to plan a trading strategy and then take your trading decisions after tons of practice.
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    July 04, 2018, 02:08:47 PM
     #22
    You have delivered a great opinion here mate,as i am reading your whole thread i found whats missing its the trust about technology,theres alot to mention about the profit and the earning but mny denies about what is behind this crypto coin and whats the main objective about this creation,i guess this is the right time to educate every single member of this community on whats really happening to ope their eyes that if this dies we will die with it

  • zolfa
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    July 04, 2018, 02:30:21 PM
     #23
    I think it's not just bitcoin that can make a person get greedy, but altcoin can also make a person get greedy, but altcoin will not be able to overtake bitcoin.

    we need the crypto world, not only bitcoin, the balance will be created if we are able to manage and control all the crypto value becomes more special.

    I hope you can be fair to bitcoin and altcoin.

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    July 04, 2018, 02:39:11 PM
     #24
    it is a free market, if you really see shitcoins such as BCash and Ripple having more potential than bitcoin then feel free to switch to them. but the thing is, you don't show it but you already know they are shitcoins which are only good for temporary pump and dump. you are just left behind since the dip below $6k happened...
    There is a FOMO brewing...

  • purple.thoughts
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    July 04, 2018, 02:55:08 PM
     #25
    In my own opinion, a lot of people are earning profits from it. Even us is earning from it even if it is just a small amount of money compared to those who are really earning big amount of money from investments and other marketplaces. I also believe that bitcoin still has its popularity and that it will last as long as people specially users who transact with bitcoin will keep on using it and spreading it to the world.
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  • Malaya
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    July 04, 2018, 03:03:28 PM
     #26
    Having a bitcoin is profitable. Unless you are not making any move to gain from it. Even by just holding bitcoin there is higher percentage that you'll earn profit from bitcoin. Just because bitcoin have decline its value means it is not profitable already. Come to think of it, from the very first time it was introduced until now. Look at how it has improved a lot when it comes to its price.
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  • LeGaulois
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    July 04, 2018, 05:41:08 PM
     #27
    Quote from: Jetblack01 on July 04, 2018, 08:41:29 AM
    I look at BTC as the greatest thing for our world.  We need digital currency.  It makes sense.   But,  we live in a world where we are driven by greed and profit.   So with that said....

    If someone creates a ALT coin to compete with BTC for first place, I think eventually that ALT coin will get there.  Because at the end of the day, if that 'ALT COIN" makes enough money they can continuously push their "ALT COIN to surpass BTC.   

    I dont see anyone financially backing up BTC.   
    I see Bcash and their owners making deals.
    I see Ripple making deals
    I see pretty much everyone else making deals
    And pretty soon those deals that these "ALT Coins" are making will eventually climb them into the #1 spot


    PLus, people are shorting BTC all day long.  It sucks, because im the "buy during the dip" guy.


    my opinions only.... im ready for the backlash
    Then why despise the altcoins mentioned Bitcoin is still on the top?
    Cryptocurrencies are not supposed to be created to make profits. It's maybe why some people don't profit? At least they are getting it wrong and if they are losing money then they will learn cryptocurrency the hard way
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  • Jetblack01 (OP)
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    July 05, 2018, 06:59:08 AM
     #28
    Im gonna recap the information Im reading in hopes to understand a general idea of what everyone is saying...  This is helping me greatly so thank you all again for your input.

    Bitcoin  does help all of us generate profit.
    Bitcoin wont go anywhere since it is decentralized and cannot be shut down.
    Bitcoin has come a long way from the penny days and has alot of utilization right now.

    So my new question is,

    Are there any tokens created that are truly decentralized just like bitcoin? a fork perhaps?
    And if there was a coin/token created in a centralized manner, are they able to ever make it decentralized and adopted by all similar to bitcoin?


    So lets use bcash for example:

    Everyone agrees that it will never have the ability to take over bitcoin?


    Thanks ahead for your opinions.  (newbie trying to get schooled here) =)

     

  • BitcoinHodler
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    July 05, 2018, 07:01:53 AM
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     #29
    Quote from: Jetblack01 on July 04, 2018, 08:41:29 AM
    If someone creates a ALT coin to compete with BTC for first place, I think eventually that ALT coin will get there.  Because at the end of the day, if that 'ALT COIN" makes enough money they can continuously push their "ALT COIN to surpass BTC.   

    making money is the last thing of importance when it comes to creating a currency! and so far only bitcoin has been a currency which is why it has value and it is keeping it and also increasing it every day as its adoption grows.

    so if another better currency was created in the future you are correct.

    so far what we have in altcoins is shitcoins made for pump and dumps and profit making. so you make more profit from these shitcoins but they won't even come close to bitcoin ever.
    Holding Bitcoin More Every Day

  • scooby_doo23955
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    July 05, 2018, 07:13:15 AM
     #30
    Well, I can understand your frustration and you are right too. But you know bitcoin is the king crypto and the most primitive coin. Still it has much influence and the market is judged by this coin. The altcoins doesn't refer to a single coin but bitcoin is the single entity. So, it will not be fair to compare bitcoin with the whole alt section. Bitcoin has started recovery and soon it will reach a optimum price. Don't be hopeless.

  • dohh
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    July 05, 2018, 07:27:23 AM
     #31
    Quote from: Jetblack01 on July 04, 2018, 08:41:29 AM
    I look at BTC as the greatest thing for our world.  We need digital currency.  It makes sense.   But,  we live in a world where we are driven by greed and profit.   So with that said....

    If someone creates a ALT coin to compete with BTC for first place, I think eventually that ALT coin will get there.  Because at the end of the day, if that 'ALT COIN" makes enough money they can continuously push their "ALT COIN to surpass BTC.   

    I dont see anyone financially backing up BTC.   
    I see Bcash and their owners making deals.
    I see Ripple making deals
    I see pretty much everyone else making deals
    And pretty soon those deals that these "ALT Coins" are making will eventually climb them into the #1 spot


    PLus, people are shorting BTC all day long.  It sucks, because im the "buy during the dip" guy.


    my opinions only.... im ready for the backlash

    Well, Your statement is not mathematically reasonable. If You get loss and there is no real asset, that could had dissappear or get broken, that means the other side of Your deal has got profit.

    Consider this: 5% of BTC are changing ownership EVERY DAY. This is hypervolatile and hyperspeculative monetary scheme, where You can win only on someone else´s loss. This is important to understand, BTC is not say stock of Netflix or etc, where You buy a share and get richer as company grows and people pay money for service. BTC is not a company, but a monetary scheme, which will collapse, when mining becomes pointless.

  • teterinal
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    July 05, 2018, 08:24:14 AM
     #32
    i strongly disagree. bitcoin is the standard in the cryptocurrency world. plus it is accepted by everyone and is decentralized and is controlled by no one. Unilike these altcoins,  they are centralized in nature.

  • virendarnagpal
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    July 05, 2018, 08:28:22 AM
     #33
    Bitcoin is truly decentralized crypto currency.  It was created with the objective of creating international; decentralized; transferable at cheap commission, without any intermediary.  
    But on the other hand the crypto being issued presently are being issued by manufacturing;trading ; or investment company.  These crypto are not truely decentralized.  These are like shares of companies issued with the  objective of earning profit from trading or manufacturing.  The price of these crypto depends upon demand as well as profits of the company.

  • dohh
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    July 05, 2018, 08:35:23 AM
     #34
    Quote from: virendarnagpal on July 05, 2018, 08:28:22 AM
    Bitcoin is truly decentralized crypto currency.  It was created with the objective of creating international; decentralized; transferable at cheap commission, without any intermediary.  
    But on the other hand the crypto being issued presently are being issued by manufacturing;trading ; or investment company.  These crypto are not truely decentralized.  These are like shares of companies issued with the  objective of earning profit from trading or manufacturing.  The price of these crypto depends upon demand as well as profits of the company.

    What profit of which company? Do You even understand, what You write???

  • yugyug
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    July 05, 2018, 08:44:31 AM
     #35
    Bitcoin is not all about profit it is all about how to be free from controlling the economy by greedy political power and bitcoin was created to not be affected by any nations about inflations and economic status and the decentralization of cryptocurency was conceived at that is what we called bitcoin. Bitcoin owns no one and it is not a company nor brand nor bank but it beats other large brand names and companies in terms of marketcap.

  • dohh
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    July 05, 2018, 08:48:57 AM
     #36
    Quote from: yugyug on July 05, 2018, 08:44:31 AM
    Bitcoin is not all about profit it is all about how to be free from controlling the economy by greedy political power and bitcoin was created to not be affected by any nations about inflations and economic status and the decentralization of cryptocurency was conceived at that is what we called bitcoin. Bitcoin owns no one and it is not a company nor brand nor bank but it beats other large brand names and companies in terms of marketcap.

    No its not. BTC core technology will never work, because such technology is too energy-costly for such mainstream product as transferring assets. It is purely speculative "asset." Yes, market cap is awesome and consists of greedy whales, break-even gamblers and poor bastards whol lose money, because they enter into BTC with hope of ROI from investment. They are thrown into scheme instead.

  • mysacrifice
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    July 05, 2018, 08:54:23 AM
     #37
    Quote from: zolfa on July 04, 2018, 02:30:21 PM
    I think it's not just bitcoin that can make a person get greedy, but altcoin can also make a person get greedy, but altcoin will not be able to overtake bitcoin.

    we need the crypto world, not only bitcoin, the balance will be created if we are able to manage and control all the crypto value becomes more special.

    I hope you can be fair to bitcoin and altcoin.

    Totally agreed mate. I believe it is just the matter of time. System changes take time.

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    July 05, 2018, 08:55:07 AM
     #38
    Every source of income can make people greedy. Money influences bad on people becuse once they get a lot of it, they can't never get enough.
    The truth is that many traders don't keep that in mind and just forget themselves. Greed makes them to get very strange decisions.
    But if you are wise and skilled enough you can get continuos profit. You will not get rich but it will be a nice income and in that form Bitcoin is completely sustainable. The key is to find the right measure.
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  • Denies
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    July 05, 2018, 09:18:00 AM
     #39
    Quote from: Jetblack01 on July 04, 2018, 08:41:29 AM
    I look at BTC as the greatest thing for our world.  We need digital currency.  It makes sense.   But,  we live in a world where we are driven by greed and profit.   So with that said....

    If someone creates a ALT coin to compete with BTC for first place, I think eventually that ALT coin will get there.  Because at the end of the day, if that 'ALT COIN" makes enough money they can continuously push their "ALT COIN to surpass BTC.   

    I dont see anyone financially backing up BTC.   
    I see Bcash and their owners making deals.
    I see Ripple making deals
    I see pretty much everyone else making deals
    And pretty soon those deals that these "ALT Coins" are making will eventually climb them into the #1 spot


    PLus, people are shorting BTC all day long.  It sucks, because im the "buy during the dip" guy.


    my opinions only.... im ready for the backlash


    I guess that's just your baseless assumption. try to compare from time to time until now.
    none of the alt can compete with bitcoin even though there are many more sophisticated deals and technologies.
    Why did it happen ? there are many factors that strengthen bitcoin will always be the king of all crypto. especially the market is always bound to bitcoin, up and down bitcoin will greatly affect on alt. and this is a fact

  • genlocy
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    July 05, 2018, 04:58:03 PM
     #40
    You are somehow right. But not totally right. Yes all the crypto-currency is not real, I do agree with this. But, bitcoin is secure and safe. Once you have the coin then you are the only owner of those coin if it is bitcoin. And the profit. Well, Actually it is a long time investment. Think of those who buy bitcoin when the value was like 500$ or 1000$. How much they profit?
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