Bitcoin
Bitcoin
Out of context: Reply #1933
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- Hayzilla0
The thing I don't get with bitcoin is (I know i'm thick). If the value keeps going up and up who is actually going to adopt it as an actual currency? Say if I paid Amazon 1 bitcoin for a pair of headphones 3yrs ago. Those headphones basically cosy me £40k in the long term. What don't I get?
- it's growing in value. it's true price will be found in relation to USD and fiat currencies. It's true value once realised, will be a lot highershapesalad
- due to supply / demand. It's currently on an adoption curve. But as more companies put treasuries into it, the high and less risky it becomes.shapesalad
- it then becomes seen and used as a 'digital' gold, a hedge against fiat and a means for large 'values' to be exchanged easily compared toshapesalad
- liquidating property quickly, or transferring billions of gold across the world.shapesalad
- It's true use and function is yet to be met. So while it seem volitalie, gambling, risky, we are still at a very early point in the adoption curve.shapesalad
- still lots of upside, on threats are a rival coin of better use... but in 10 years many have tried and failed.shapesalad
- it's not meant to replace currencies in the normal way. ETH is better served for those purposes.shapesalad
- I'm not saying the ponzi is going to crash, I'm just saying the adoption mantra is not workingdrgs
- it took credit cards about a decade back in the '50s to be adopted, while bitcoin is here for 12 years and still a ponzi...********
- here, read about credit cards: https://www.thoughtc…********
- bitcoin started as a decentralized replacement for money, now it wants to replace gold, then in a few more years wants to replace...what? useless junk********
- btw bitcoin is not decentralised when bulk of mining is run in/by China********