Quote from: mmitech on June 18, 2014, 12:14:52 PM

Quote from: Erdogan on June 18, 2014, 11:55:23 AM

Quote from: mmitech on June 18, 2014, 11:16:07 AM

Quote from: Miz4r on June 18, 2014, 11:05:42 AM

Quote from: mmitech on June 18, 2014, 10:16:19 AM

Bitcoin would be a good saving mechanism only if the adoption rate will be equal or more than the actual inflation rate (creation rate of coins) which is more than 10.5% a year. so choosing Bitcoin as saving method is as risky or maybe riskier than having fiat in your saving account.

Bitcoin is very young and volatile, although promising and interesting it's of course still a very risky investment. Yes, riskier than having fiat in your saving account. But with this higher risk also comes a high reward possibility though, as those who invested early have found out. And it's still early today. Good luck getting any kind of reward from the risk of having fiat in your saving account.

The current inflation rate of Bitcoin is irrelevant knowing that the maximum amount of coins there will ever be is 21 million. It's also logical that merchant adoption rate outstrips user adoption rate for the moment, but don't underestimate the cleverness of merchants to persuade the people to buy with bitcoins if this is clearly in their own interest. I think eventually adoption rate is going to very quickly catch back up to merchant adoption rate as merchants find clever ways to convince the people Bitcoin is simply the best way to pay.

Bitcoin is the merchant heaven, no charge back, lower fees, no need to risk securing personal documents or information (like doing with credit cards) and most importantly you can accept Bitcoin even if every bank ban you over a political issue or for varying beliefs (wikileaks) but it is still a nightmare for the end user, no protection from fraud (butterfly labs) the wallets are still not there for mass adoption (normal users, non tech savvy) and the only way your money will hold value (even with the 21 million cap) is the continuous mass adoption and the hoarding because the economy simply works as a pyramid scheme.

So you think all the merchants will be ready to take bitcoin, but no customers will have them or use them? Hmm, let me think and feel ...

I don't, you think that, and I think otherwise, for that reason the merchant adoption is higher than the user adoption this is what I think, and the only way for the user adoption to boost up under these circumstances is the price going up... and really fast, remember that many users joined only because of the bubbles, 2 years ago well not 2 years only a year ago Bitcoin (and Litecoin) had no utility rather than speculative asset (technology), and only because of the price skyrocketing the media was so focused on this subject which brought many new users, now imagine the price going down, or not going down but just being slightly stable for a long time, many new comers will lose faith and even old adopters will start loosing faith, many Bitcoin core developers are posting about their worries at this point.

looking at the votes, I did put "go fuck your self" and "the OP is but hurt" for a reason, many users (35.7%) here has voted for these two options, these implies to them being emotional investors (tards), instead of having some valid argument against mine (a respective and non trollish one) they voted that way, it tells allot about the community.

Ok, a slight misunderstanding. Personally, I think that the bitcoin symbol on all the webshops will make some customers curious, sepecially if they are not 100 % satisfied with their current method of payment.