bitcoin and altcoins are failures
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Hi there all, i realise i am not a moderator but i do believe this is a interesting subject i would like to discuss…
Thinking of bitcoins and there intentions … decentralisasing…
What has been happening over the last few years … was the intention to replace fiat? yes i may believe so… and what do we hear now… blockchain and investing by corparate…
Lets be frank with eachother … who is buying products with bitcoins ?? are you ? or do you see it as a investment …
I truely believe that you can actualy see bitcoins and altcoins as stamps… yes poststamps… but then digital…
Everyone keeps them , waiting for the price to go up… no one sells or buys anything with them… why would you? i give you 1 bitcoin for a car … 5000 bucks and one week later its 6000…
So to my point of view all subject and siminars and people that say… decentralisation… are bulling… it will never happen…
Yes the blockchain… the backend… look at what jp morgan is doing with quarom…its got nothing to do with coins… so i would say … bye ripple , bye ethereum coin… it will never happen that coins are attached to contracts… no way…
Yes jp morgan will wanne make companies members to there system… pay and you can join… but not with altcoins or crytocurrency…
Its what been said before … they are assets and derivatives… thats how the stock exchanges are gonne deal with them… but then again… the companies dont have a backup… what do they do? where is money comming in… how…
So to my opinion at this moment its just supply and demand … and when the max market supply is hit by mining it all collapse…
Maybe i am wrong , but who is right ? … its a bit like realising that electric cars are failures too… because who is gonne buy a electric car that has 180.000 miles /km on it… and the powerpack needs to be replaced for 4000 bucks… just to let you know that its written off… no one wants to buy it…
I guess thats why the big boys say ïts a bubble" because thats all they say… and not explaining why they think that? why do they say it any way… ?
Anyway its a great ride no… 10.000 bitcoins for a pizza :) … $ 80.000.000 -
It’s to early to say it was an intention to replace fiat. It’s a tool with multiple shapes now.
Tool that is in early beta stage. Look at this fuss about BTC, it opened everyone’s eyes what problems there are to solve. And community is solving them.
It’s very brave to say this early that crypto tried to replace fiat.
Maybe fiat will be replaced with crypto. who know’s in what shape crypto will be after 3-4 years from now. Do you want to pay BTC tx price bigger that your ice cream price? I better choose to pay with FTC and pay few ct for tx fee.
Alt’s a failure? no f… way. Look how BTC compliments LTC for it’s speed.
I see alt’s as engine for future replace of fiat.
And yes for now it’s supply and demand and don’t invest money you can’t afford to loose. -
@coinsbee if you think it’s going to fail now, you dont understand the purpose of this currency. It would be worth doing some reading or even watching some of the bitcoin documentaries. The reason we are now getting excited is that these are finally started to be adopted more.
It’s hopefully only a matter of time before these are accepted as a new form of currency for trading.
Back in 2014 I was worried. The market was static and all alts plummeted. If we all knew this would turn around we would have dropped 10k in alts and be millionaires.
We can only hope the momentum continues, as everything that has happened recently has created press and more demand to buy - even though people don’t even know what it is. It’s all good news and long may it continue.