Quote from: BTCMILLIONAIRE on October 29, 2017, 03:24:30 PM

Quote from: deisik on October 28, 2017, 04:26:49 PM

Quote from: BTCMILLIONAIRE on October 28, 2017, 12:45:20 PM

Quote from: deisik on October 26, 2017, 09:32:10 AM

Quote from: Zenithar on October 25, 2017, 07:59:23 AM

Quote from: bakkang on October 25, 2017, 01:55:33 AM

Quote from: Eternu on October 20, 2017, 09:12:22 PM

I think that Bitcoin will alway be above all other cryptocurrencies. Bitcoin is first cryptocurrency and that gives it a lot. It broke the ice and showed people what cryptocurrency could be or become. Also if it was not the best, it wouldn't have the highest price. Maybe in time it will lose to some other or new crypto, but for now its first.

Yes for now bitcoin is the unstoppable cryptocurrency among all cryptocurrencies. Many people is using bitcoin and a lot of people is now investing with bitcoin. The highest price of bitcoin is one proof that bitcoin is really the best.

I think bitcoin never ever lost its dominance, In fact bitcoin is dominant over all crypto currencies from very beginning and we can expect that it will remain as dominant for ever. Bitcoin is in fact the very first digital currency mainly created for online shopping etc but now we can see that it is even use in local shops for shopping. the shopkeepers interested to accept bitcoin for shopping. The popularity and importance of bitcoin is increasing from time to time, which is making the future of bitcoin more bright.

I guess this is no more than wishful thinking on your part

I refer to your claim that "now we can see that it is even use[d] in local shops for shopping" and "the shopkeepers [are] interested to accept bitcoin for shopping". This is not even close to being a half-truth. The shopkeepers are not interested in Bitcoin as a means of payment (though they can be interested in it as a vehicle for speculation). They are interested in fiat as they have always been. Were it not so, they would accept Bitcoin directly which they don't do since they use payment processors like BitPay and their likes to instantly convert the bitcoins people are paying for their goods and service into fiat. This is the harsh reality whether you like it or not, and you have to face it if you don't want to remain delusional. The popularity of Bitcoin comes via its use for speculation exclusively, not through real life commerce

Real life commerce does fuel speculation and demand though. If you could choose between two assets with similar returns and only one of them was easily and instantly exchangeable for goods, you would go with that one. So whether or not vendors use BitPay as a middleman or not is not relevant to the Bitcoin price and its adoption

I don't think you can say that

I mean this is not "real life commerce" by any metric, though it may certainly make you think so since it looks like you really paid with bitcoins for the goods you bought. If anything, it is just a hidden form of speculation. And yes, it does add more fuel to speculation and demand simply because it is speculation in its own right. Further, while I could somewhat agree to your claim that vendors using or not using BitPay as a middleman might not affect prices (though this is debatable but I won't digress), this doesn't add to real adoption anything if that was your point

Quote from: BTCMILLIONAIRE on October 28, 2017, 01:46:42 PM

Did you really just copy paste part of the quote as your post?

This dude should certainly get reported and banned

I should've worded it a bit differently, as directly accepting Bitcoin would surely accelerate adoption. But just being able to quickly liquidate your assets by "directly" being able to purchase real goods with your assets (even through a middleman) is something that was and is not possible with traditional assets.
Thus a wide spread acceptance of cryptos (even through a middleman) would offer a completely new merit to cryptos as a form of asset that stocks, ETFs, bonds, etc. do not have, since you first have to sell them to be able to use the money for anything. And that can take several days to weeks in some cases.

I think the problem nowadays are commissions. I have only been into bitcoin a couple of moths but when I get information about the past years I see that commissions were pretty insignificant whereas nowadays I can pay a 0,70 coffee with my mobile and if I had to pay it with bitcoin I would have to pay a commission, not so insignificant in terms of percentage.

I wouldnt be surprised if bitcoin is used just for big transactions in the future and as a store of value, but it coexists with another alt for small transactions.