Post
Topic
Board Speculation
Re: the best evidence that bitcoin will succeed, courtesy of fewcoins
by
RodeoX
on 09/12/2014, 20:16:20 UTC

This is very true. Even I can't deny this fact since I am not an ultimate troll like some of you claim but rather a realist.
Many of my employees are now mentioning bitcoin almost everyday instead of talking about USD, EURO, etc. This is true that more and more people are finding out about bitcoin. I asked if they would want a small percentage in bitcoin rather than USD but I only get laughing responses. Most of the world is not ready to use this as a currency yet. Hopefully they see how good it can be if we all jumped in and supported the network but unfortunately humans are not very proactive anymore & they tend to like direct deposit and banks stealing their money. Actually it's not they like it but they aren't proactive especially for ANY change. Especially if governments and banks say no no no bitcoin that isn't good you shouldn't use that.

This is why I see Bitcoin as very hard to invest in. It is more for trading or "speculating" which means it actually has no real value yet. Zero. This is also why the blockchain and other technology will be "used" (stolen) to be applied to other payment systems and make them more secure. I think Australia is already doing something like that for their banks right now
We are not so far apart. I agree with most of what you say once its broken down. I don't think most people or businesses are ready for bitcoin yet. However it is to their detriment. I have helped businesses set up their BTC systems and they are all glad they did it.
I am a little confused about speculation vs. investing. Those are the same thing to me, and I think it is a very risky thing to do with BTC. It is much better as the payment network it was designed to be.
In the long term, barring some black swan, I am very confident that bitcoin will grow exponentially from the infancy it is in now. There is no better money in history and once people understand just how radically different this is from anything else it will seem foolish to use an old skool credit card.