The value is in the mobility and secrecy. The value is in the service it provides:
Many people that want to transfer their money out of crap countries, many people that want to hide money from their wives or governments, many people that want to do shady transactions. All are serviced by the use of a cryptocurrency, and will continue to do so for the foreseeable future
This Dutch man with a wife & 3 Kids has sold his house and everything to invest in Bitcoin..
They are now living in a camping ground.
He is going to cash in , when Bitcoin really takes off..
Sounds a great idea..
"We're going through a revolution that's changing the monetary system."
https://www.cnbc.com/2017/10/17/this...n-bitcoin.html
Didi Taihuttu, his wife, three kids and their cat bet all they have on bitcoin. The Dutch family of five is in the process of selling pretty much everything they own — from their 2,500-square-foot house, to their shoes – and trading it in for the popular cryptocurrency. They have moved to a campsite in the Netherlands, where they're waiting for bitcoin to really take off.
It's only been a few months, but the 39-year-old father of three says he doesn't regret a thing. "We were just like – sell it, sell it, what can we lose? Yeah, we can lose all the material stuff. Yeah, we can lose all our money. Yeah, we don't have three cars anymore. We don't have the motorcycle anymore. But in the end, I think we, as a family, will still be happy and just enjoying life."
He once mined for bitcoin, but now only trades it, along with other cryptocurrencies like ether, ripple, neo, dogecoin and XLM. The family is still in the process of liquidating assets and investing the proceeds in cryptocurrencies as they go. The income from trading is enough for food and necessities, which the family says is all it needs right now.
While I won't argue that currently it truely is, traditional currencies are still issued by the country (or in the case of the Euro by a combination of it), and governments could still add a minimum value to them or even start backing them in other currencies or goods. And this controlling mechanism that the governments have over their currencies is what Bitcoin completely lacks.
The funny thing is. Back in the first forums when bitcoin was 2$ worth, we were talking about same thing
People were laughing at the idea that it will reach $100. Now it is $15000.
The arguments are still the same and the discussions is still the same. People are laughing at the idea that it will reach $1000000
Remember this. One day you will be sitting with your kids next to the fireplace and you will tell them
"Kids, this is the story about how I did NOT become wealthy, I thought bitcoin was bubble"
It will be worth very little once there's no more coins to gain from mining and the power bill still needs to be paid.
If you knew the candle was fire then the meal was cooked a long time ago.
Save money got TITCOIN. It’s less than a dollar right now
https://en.m.wikipedia.org/wiki/Titcoin
Lmfao
Milli Vanilli, Bigger than Elvis
A lot of us are going to make a lot of money whether it bursts or continues growing (not going to give my thoughts on the if/when since I'm not in the business of giving that kind of advice for free). It's only the peasant investors who joined in late to follow the crowd and have no idea when to jump off who are going to lose as per usual.
You're getting exactly what you deserve.
Governments will take care of BTC soon enough. In Japan, BTC is already fully accepted as currency. In Switzerland, you can already pay your taxes with it, in some cities, etc.
Btw, did you believe me about what I just said about Japan and Switzerland? Was it truth or lie? :-)
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I wish I had money. real money or bitcoins.