Re: Bitcoin is the most expensive vaporware in the history of software industry
It looks to me like our OP is one of those people lured by the promises of fast and easy money. "listen dude you buy bitcoin and a month later you sell with 2x profit! I've seen a program of those young millionaires one dude has 3 million USD at the age of 20!" and now it's like
-mom, dad , I lost some of your money, they were all saying it's going to be going up, they promised me!
-where did they promise you?
-on the forum! They were saying "to the moon" and so I went!
Back to reality OP, if you don't understand something don't follow the crowd. It usually doesn't end good.
Your assumption is completely wrong. As you can see I'm here since 2012, bought first coins at $6, earned more than you can think, I don't use BTC anymore for trading, I don't use exchanges, I only use BTC for transfers. Only reason why I'm pissed off is because I built a business around BTC and I can't use the protocol anymore because of transfer fees.-mom, dad , I lost some of your money, they were all saying it's going to be going up, they promised me!
-where did they promise you?
-on the forum! They were saying "to the moon" and so I went!
Back to reality OP, if you don't understand something don't follow the crowd. It usually doesn't end good.
It's not possible to use BTC for business anymore, try to sell/buy goods or services for BTC, transfer fees will eat sellers profit or you will have price too high compared to the price of people who are selling something for USD. On the other hand, buyers of goods or services would pay too much for the product.
Bitcoin without business people and without final customers will die, because no real value is added, no products or services are offered, it would become obscure virtual virtual virtual crypto-currency which you can't spend anywhere. Why would anyone use BTC if USD/BTC---->BTC/USD route is more expensive compared to to USD---->USD route?