Post
Topic
Board Bitcoin Discussion
Re: The truth about bitcoin
by
dohh
on 10/07/2018, 05:41:20 UTC
It's not only about Bitcoin but also about many different assets. People tend to buy Bitcoin even though they don't understand cryptocurrenncies or they don't even bother to read about them. People panic right now because its price is constantly decreasing without any particular reason. Don't focus on the price, focus on the technology.
The true essense of bitcoin and it's system are not particularly in the terms of money, the real purpose of it is to have a much easiest, fastest and convenient ways of doing or making different transactions that can help to the people. Thus, to make bitcoin much useful and helpful to people it system can also use for investment where in people can earn a huge of money from it in just for a short period of time.
Just because there are also other purposes of bitcoin doesn't mean that the main purpose of bitcoin and blockchain technology will be forgotten. People only see what is the outer benefits of bitcoin and blockchain technology, maybe because of what they heard before entering or maybe influences, but for the better please do not forget also the other true purpose of blockchain and bitcoin.
Blockchain is a very big technology and it cannot be limited to bitcoins only. Not many people were aware of blockchian, until bitcoin came .As far as true purpose of bitcoin is concerned, it will only be fulfilled once we see bitcoin being used in real sale purchase, as fiat is used.

The bitcoin has a big value of price or money which it can help the people who are in need financial and also bitcoin itself has a big role to the market in which all the currencies are very related and it can lead also a better economy.

This last "argument" of Yours should be penalized as crime. Its particularly the same, as to advice people in need of extra income to go and gamble.