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  • Can Bitcoin Replace the US Dollar?

    From dailynewsegypt.com

    Humans have always created a form of money to serve as an exchange for goods and services. People have used rocks, metals, paper bills, and gold as money. Now, we have bitcoin as a digital currency picking up pace. Many people have asked whether bitcoin can replace the US dollar as the world’s global currency. First, what are some of the features that money should have? They are: Money should be divisible into smaller units for payments. People must find it easy to transport money. It should not be counterfeit or replicable. Money must not wear away as time goes on. It must be recognized as a means of transaction. ... (full story)

yess ofcouse #BTC will touch new hi-level $ 50 000 end of year
Yep, it should in the near future..
When the world wants to go fully digital and make crypto the reigning and acceptable currency. CBs will create their own.

Bitcoin was $4k in Marchv2020 and less than 10 months later, touched $41k and if it projected to reach higher, after sometime, nobody will sell their holding.

Yes, it will become a holding because if I do not have emergency, why should I sell at $45k when I am waiting for $200k, then it will become short in supply.
Imagine going to shop for 10 beers for 20BTC, so you take exact 20BTC. Trip takes 1h and when you arrive to shop you only have 19,58BTC in your wallet. It is very normal in BTC world. Good for speculation, bad for real use cases.
No
In the mid-1800s, the first aluminum ingots on the market went for $550 per pound. Fifty years later, not even adjusting for inflation, it cost 25 cents for the same amount.

The aluminum market suffered a mighty crash. Entrepreneurs in the United States and Europe finally figured out how to separate aluminum from minerals cheaply and also how to produce it on an industrial scale. They did so by running a current through a bath of liquid with dissolved aluminum ore in it. The electricity shocked the dissolved aluminum molecules, knocking them out of solution, at which point small gray nuggets collected in the vat

Thinking how current crypto will behave when quantum computers arrive...
  • Post #7
  • Quote
  • Edited at 8:18am Jan 18, 2021 3:22am | Edited at 8:18am
Maybe in the dreams...

Laughable how everybody going crazy on BTC and ads everywhere to buy it
1BTC= $36000 the most overvalued currency
Fluctuation is huge
Just a matter of time that people will wake up from the dream that it is unreliable when the crash comes!
20k to 3k didn't teach them to stop that stupid idea named hodler
If you can even cash it go do that now and stop the dream!
Quoting ChiForex
Maybe in the dreams... Laughable how everybody going crazy on BTC and ads everywhere to buy it 1BTC= $36000 the most overvalued currency Fluctuation is huge Just a matter of time that people will wake up from the dream that it is unreliable when the crash comes! 20k to 3k didn't teach them to stop that stupid idea named holder If you can even cash it go do that now and stop the dream!
Well smart money takes advantage of the bag holders (HODLers ). 2020 was an easy year to make huge returns. Take profit dudes, take profit.
This News item was chosen and approved for aggregation by Newsstand staff (for republishing here).
The news item has been labeled "Fundamental Analysis"
(no.. NOT entertainment News)

Its is a JOKE.
Whoever in Newsstand is responsible should be FIRED.
It exposes the real level of expertise that FF now peddles to its members and visitors through this news service.
Disappointing.
I got so furious at this headline that I had to come here and simply say.... this ... FFS
  • Post #11
  • Quote
  • Edited at 7:35am Jan 18, 2021 5:55am | Edited at 7:35am
Quoting RossEdwards
This News item was chosen and approved for aggregation by Newsstand staff (for republishing here). The news item has been labeled "Fundamental Analysis" (no.. NOT entertainment News) Its is a JOKE. Whoever in Newsstand is responsible should be FIRED. It exposes the real level of expertise that FF now peddles to its members and visitors through this news service. Disappointing.
100% agreed , take note Mr. Twee
What a bunch dumbos here


Yeah adoption will be slow
Quoting valentasm
I.... o you take exact 20BTC. Trip takes 1h and when you arrive to shop you only have 19,58BTC in your wallet. It is very normal in BTC world. Good for speculation, bad for real use cases.

Schmuck

Explain where the 0.42 Bitcoin has gone???


You slow or something???
Quoting joyny
In the mid-1800s, the first aluminum ingots on the market went for $550 per pound. Fifty years later, not even adjusting for inflation, it cost 25 cents... out...

Dumpfer


Bitcoin is not aluminium




Bitcoin can't be mass produced
Ohhh look gold bugs

Bitcoin 58 dolllaaaaaas 🤔😭😭😭




Oh look Bitcoin inflation near 1 % and less
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Quoting ChiForex
Maybe in the dreams... Laughable how everybody going crazy on BTC and ads everywhere to buy it 1BTC= $36000 the most overvalued currency... m!

Who said it's overvalued???



Your mom??





Look here schmoo 🙉🙉😳😳👍💰



Yes I'll sell at 130000 . 😊. No worries 🐢💰💰
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For the morons out there



Bitcoin is deeeeeeeaaaad


🐒🐵😂
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Quoting umbrella man
{quote} Well smart money takes advantage of the bag holders (HODLers ). 2020 was an easy year to make huge returns. Take profit dudes, take profit.
You ever seen the charts???



Why take profits at 36k when I can take ( only part ) profits at 136k.



And later at 300k. 🐢😳💰💰💰


Makes no sense yeah???



Poor people always give poor advice 🤔
Here's our INTELLIGENT thread.
On Bitcoin and others.


https://www.cryptocraft.com/thread/6...coin-ltc-ether

Please vote on first page


Check all over the thread.


First post - Bitcoin was 967 dollars
@Not-KPMG...
Youve made a career if acting the village idiot here for years.
You have been cautioned a number of times by FF about both the abusive character of your posts and your continued personal Bitcoin promotion agenda. Not against the FF rules but equally irritating and distracting for members and readers, are your multiple posts, failure to merge immediately successive posts and childish overuse of emojis. (vis: 8 successive posts above and over 70 emojis?? )
While I congratulate you on your current good fortune be aware that LOTS of people here hold Bitcoin and other cryptos,, but dont make a career of preaching about it day in day out. Bitcoin is not a currency its a commodity like gold. It doesn't meet the standard criteria for currency.
Get a grip man. And please stop distracting working investors traders and analysists using these threads with this continuous stream of nonsense posts.
Quoting Not-KPMG
{quote} Schmuck Explain where the 0.42 Bitcoin has gone??? You slow or something???
you need lessons in manners. grow up mate ... oh wait, you must be american? right?
'Bitcoin is not a currency its a commodity like gold. It doesn't meet the standard criteria for currency.' And a virtual one at that, even more susceptible to manipulation than real currencies. Its currently at the top of its 3 level Bump run on the daily, forming an 'M and soon heading into a reversal run down to my estimate 19000ish
Quoting joyny
In the mid-1800s, the first aluminum ingots on the market went for $550 per pound. Fifty years later, not even adjusting for inflation, it cost 25 cents for the same amount. The aluminum market suffered a mighty crash. Entrepreneurs in the United States and Europe finally figured out how to separate aluminum from minerals cheaply and also how to produce it on an industrial scale. They did so by running a current through a bath of liquid with dissolved aluminum ore in it. The electricity shocked the dissolved aluminum molecules, knocking them out...
I don't know a lot about BTC but it seems your analogy is off for the simple fact that there is a finite amount of bitcoin and we know what it is. Aluminum was thought to be rare and hard to refine but it was actually abundant so they aren't a good comparison.
Quoting Not-KPMG
{quote} Who said it's overvalued??? Your mom?? Look here schmoo Yes I'll sell at 130000 . . No worries {image}
Many ff members gave you the title IDIOT

Now it's clear why!
Not-KPMG is known as the clown of this forum, makes a fool of himself everytime he posts
Tulips. Pogs. BTC. Governments are/will create their own digitals. Besides that BTC is disinflationary which governments and businesses never want.
Quoting harcos
{quote} I don't know a lot about BTC but it seems your analogy is off for the simple fact that there is a finite amount of bitcoin and we know what it is. Aluminum was thought to be rare and hard to refine but it was actually abundant so they aren't a good comparison.
Read here info in a non-tech language where explained quantum tech impact on Bitcoin.

In short (ignoring 25% quantum-unsafe Bitcoin addresses issue...)...

The moment you want to transfer coins, you also reveal the public key, making the address vulnerable. From that moment until your transaction is “mined”, an attacker who possesses a quantum computer gets a window of opportunity to steal your coins. In such an attack, the adversary will first derive your private key from the public key and then initiate a competing transaction to their own address. They will try to get priority over the original transaction by offering a higher mining fee.

In the Bitcoin blockchain it currently takes about 10 minutes for transactions to be mined (unless the network is congested which has happened frequently in the past). As long as it takes a quantum computer longer to derive the private key of a specific public key then the network should be safe against a quantum attack. Current scientific estimations predict that a quantum computer will take about 8 hours to derive a typical Bitcoin private key, which means that Bitcoin should be, in principle, resistant to quantum attacks (as long as you do not reuse addresses). However, as the field of quantum computers is still in its infancy, it is unclear how fast such a quantum computer will become in the future. If a quantum computer will ever get closer to the 10 minutes mark to derive a private key from its public key, then the Bitcoin blockchain will be inherently broken.
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Quoting joyny
{quote} Read here info in a non-tech language where explained quantum tech impact on Bitcoin. In short (ignoring 25% quantum-unsafe Bitcoin addresses issue...)... The moment you want to transfer coins, you also reveal the public key, making the address vulnerable. From that moment until your transaction is “mined”, an attacker who possesses a quantum computer gets a window of opportunity to steal your coins. In such...
Informative but all I was saying is your aluminum analogy wasn't pertinent.
  • Post #30
  • Quote
  • Edited at 4:43pm Jan 18, 2021 9:48am | Edited at 4:43pm
Quoting pamc
'Bitcoin is not a currency its a commodity like gold. It doesn't meet the standard criteria for currency.' And a virtual one at that, even more susceptible to manipulation than real... 19000ish

Gumbooo




Did you Google what's a currency dumbooooooo
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For the schmucks out there....



See Bitcoin is crashing ...

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Bitcoin only 200% per year 😳😳👏💰



Chart above few posts
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Look here....



Bitcoin is almost dead



Ohhhh wait
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STOP !!! what do you talkin, you all trader not a soldier. look in to your screen for good thing, not Bullying
Quoting harcos
{quote} Informative but all I was saying is your aluminum analogy wasn't pertinent.
aluminum dropped hard because of new technologies (eletricity). The same could happen with btc - quantum computing. this is a normal analogy.
Quoting joyny
{quote} aluminum dropped hard because of new technologies (eletricity). The same could happen with btc - quantum computing. this is a normal analogy.
Fair enough, I was using a total amount comparison but I see your point. I don't understand enough of how blockchain works as I thought they were very secure as the legers could not be altered but I guess I will need to research it more.
Quoting joyny
{quote} aluminum dropped hard because of new technologies (eletricity). The same could happen with btc - quantum computing. this is a normal analogy.
You Dumpfooooo


Quantum blababum computing CANNOT create bitcoin.
Nor it can hack Bitcoin


So blabby what's up then???


Yes I hold for a loooong time 👏👏💰💰


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The usual dum lies of Biiiiiitcoin is deeeeeeeeeeeeeeaaaaaaaddd 😭😭
... I've heard a thousand times.😂😂




Look Bitcoin still here.... 36000 dolllaaaaaas
LOL.


It's hundred times the Schiff dum blabbing
Quoting RossEdwards
@Not-KPMG... Youve made a career if acting the village idiot here for years. You have been cautioned a number of times by FF about both the abusive character of your posts and your continued personal Bitcoin promotion agenda. Not against the FF rules but equally irritating and distracting for members and readers, are your multiple posts, failure to merge immediately successive posts and childish overuse of emojis. (vis: 8 successive posts above and over 70 emojis?? ) While I congratulate you on your current good fortune be aware that LOTS of people...
I wonder whats going on here with @ Not-KPMG and FF?
Is FF professional thread management asleep or dead at the helm?
At this stage I believe totally dead.
I am aware through privileged channels of particular circumstances in relation to @Not-KPMGs circumstances...
What Im saying is that without prejudice, for many members this tolerance has gone far enough.
Since I don't read people who are demonstrating stupidity I have no idea what schmoos are crying about.




.
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  • Posted: Jan 18, 2021 12:06am
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     Newsstand
    Category: Fundamental Analysis
    Comments: 40  /  Views: 3,501
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