Bitcoin Approaches $10,000 a piece
bbc.co.uk
Bitcoin Approaches $10,000 a piece
1–10 of 77 posts
Re: Bitcoin Approaches $10,000 a piece
#2As the older generation doesn't get why you would buy a bitcoin and where you would keep it, the newer generation doesn't get why you would buy a shiny piece of metal as in gold bullion and where you would safely keep it.
Bitcoin market is still minuscule comparative to gold, and while most will point out that it doesn't work amazing as a currency, if it gets to like 50% of the current gold market, it is going to be worth a lot.
Re: Bitcoin Approaches $10,000 a piece
#3There is also concern that Bitcoin could be vulnerable to hackers. Mr Ahmad said that recently it lost almost 20% in value on fears it was being hacked.
Am I missing something or is the hacking part nonsense?
Re: Bitcoin Approaches $10,000 a piece
#4There is also concern that Bitcoin could be vulnerable to hackers. Mr Ahmad said that recently it lost almost 20% in value on fears it was being hacked. Am I missing something or is the hacking part nonsense?
I think he confused with ETH, he also mentions south korea banning ICOs, which has nothing to do with bitcoin.
Re: Bitcoin Approaches $10,000 a piece
#5There is also concern that Bitcoin could be vulnerable to hackers. Mr Ahmad said that recently it lost almost 20% in value on fears it was being hacked. Am I missing something or is the hacking part nonsense?
They aren't talking about hackers breaking the blockchain but rather about hackers gaining access to the wallets. Short of moving the bitcoin across an air gap there is always a risk of hackers finding and pilfering the bitcoin.
Re: Bitcoin Approaches $10,000 a piece
#6There is also concern that Bitcoin could be vulnerable to hackers. Mr Ahmad said that recently it lost almost 20% in value on fears it was being hacked. Am I missing something or is the hacking part nonsense?
I think he confused with ETH, he also mentions south korea banning ICOs, which has nothing to do with bitcoin.
There is a big confusion where all cryptocoins are read as bitcoin for many.
Re: Bitcoin Approaches $10,000 a piece
#7Nobody actually uses bitcoin for payment.
There is more or less the same places where to spend it as there was 4, 5 years ago. And they all have about the same traffic, which is nearly zero.
Most people only use it for speculation. This can't end well.
Re: Bitcoin Approaches $10,000 a piece
#8I think most people buy Bitcoin for its speculative value but never use it as a currency to actually buy or sell stuff.
Re: Bitcoin Approaches $10,000 a piece
#9Nobody actually uses bitcoin for payment. There is more or less the same places where to spend it as there was 4, 5 years ago. And they all have about the same traffic, which is nearly zero. Most people only use it for speculation. This can't end well.
I use bitcoin for payment. I get paid in bitcoin and I pay in bitcoin wherever possible.
Re: Bitcoin Approaches $10,000 a piece
#10I think most people buy Bitcoin for its speculative value but never use it as a currency to actually buy or sell stuff.
I use it as a currency to both buy and sell stuff.