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[Balint098]

As per Cointelegraph, Bitcoin's total marketcap currently has reached over $217 billion, while the Bank of America total marketcap is just over $226 billion. Bank of America itself is the second largest banking institution in the United States, and the ninth largest in terms of revenue in the whole world. This shows that more and more people are getting interested in cryptocurrency.

 

[microunit]

Hopefully more and more people will know the worth of bitcoin and will also start to use it as I think it will be really advantageous for them

 

[Balint098]

Hopefully more and more people will know the worth of bitcoin and will also start to use it as I think it will be really advantageous for them

I think bitcoin transaction speed is till need to get improved before it can be used for daily transaction. What do you think about that?

 

[microunit]

I think bitcoin transaction speed is till need to get improved before it can be used for daily transaction. What do you think about that?

the transaction speed and blockchain traffic is affected by the amount of miners present in the system, more miners = more power and speed, I guess if more people where to know and invest on bitcoin more mining company would be built and are able to get much more clients

 

[Josemendez]

As per Cointelegraph, Bitcoin's total marketcap currently has reached over $217 billion, while the Bank of America total marketcap is just over $226 billion. Bank of America itself is the second largest banking institution in the United States, and the ninth largest in terms of revenue in the whole world. This shows that more and more people are getting interested in cryptocurrency.

Yeah . by the end of this year , bitcoin will have a large audience that no bank can ever be greater than it . By then whales will be among the richest people in the world .

 

[Balint098]

Yeah . by the end of this year , bitcoin will have a large audience that no bank can ever be greater than it . By then whales will be among the richest people in the world .

Not sure about that to be honest. The recent Twitter hack gave bitcoin a bad press so many people are still shy away from it.

 

[microunit]

Yeah . by the end of this year , bitcoin will have a large audience that no bank can ever be greater than it . By then whales will be among the richest people in the world .

by that time some whales might oversell about half of their bitcoins and probably might make bitcoin plumett down when that time comes

 

[Josemendez]

by that time some whales might oversell about half of their bitcoins and probably might make bitcoin plumett down when that time comes

I don't think you actually got my point. With the increase in use of cryptocurrency to the extent that more people uses it to banks , there will be a high rise in price , because many people will be seeking to buy more , while fewer are selling .

 

[Balint098]

I don't think you actually got my point. With the increase in use of cryptocurrency to the extent that more people uses it to banks , there will be a high rise in price , because many people will be seeking to buy more , while fewer are selling .

His point is that when the price rise enough, many whales who are currently holding their coins will sell theirs. Just like how 2017 crash.

 

[checkthis1000]

let's see

 

[microunit]

Why does bitcoin require so much hard ware. The only way a user can connect with bitcoin is through a wallet. The wallet that the user has to pay for with regular currency. Then there are the brokers involved that convert the crypto to regular currency. A user must have a smart phone or a desktop in order to receive or send money. That is not the case with paper money.

what? , do you even know what you are talking about? , if you want large sums of bitcoin and want to trade them then you can go to an exchange, hell I'm just a regular person and I have bitcoin from various sources like faucets, and getting a wallet for bitcoin is really easy, I think you need to research and learn more about bitcoin

 

[microunit]

I never said if it was difficult to get bitcoin. At the time of withdrawal the bitcoin may lose it value. The exchange company have been hacked and commited fraud because they had access to so many bitcoins.

Why does bitcoin require so much hard ware. The only way a user can connect with bitcoin is through a wallet. The wallet that the user has to pay for with regular currency.

you don't even need the hardware wallet , the hardware wallet is just for extra security, the way you said it is like it was so hard to get bitcoin, all bitcoin wallet are FREE , pay with what?

 

[microunit]

The power of bitcoin is not the wallet. The power of bitcoin lies in the ledre and the algorithm. The sha 256 algorithm has been used to secure bitcoin. For mining as well as maintaining a node high capacity hardware is required.

clearly you are not understanding what the hell I am saying here and you are just stating different things, first I didn't even stated anything about mining bitcoin and bitcoin's power

 

[Josemendez]

The wallet that the user has to pay for with regular currency.

This is not true bro , no wallet charges fee for downloading or using it . the only time you lay a fee is when you are sending out any cryptocurrency .
Ever in the fiat currency , banks also charges fee for transactions.

 

[Josemendez]

If I have 100 dollar note and I give it to someone I am not charged a fee. I get goods in exchange. Everyone does not use a phone hence everyone cannot have a bitcoin wallet. Thus it cannot be exchanged for goods or services.

Well , in like manner if you are with that your 100$ and the person you want to buy the goods from is not in your locality , won't you use online transaction ? Wont you pay fee ? .

 

[microunit]

If I have 100 dollar note and I give it to someone I am not charged a fee. I get goods in exchange. Everyone does not use a phone hence everyone cannot have a bitcoin wallet. Thus it cannot be exchanged for goods or services.

everyone do not use a phone but they can use a hardware wallet to have a bitcoin wallet like ledger, " you just gave it to someone "GAVE" , why would you get goods in exchange? charity? " this is how you should be answered by the way you answer, and also there are already shops where they sell physical goods with bitcoin, flawed

 

[Balint098]

If I have 100 dollar note and I give it to someone I am not charged a fee. I get goods in exchange. Everyone does not use a phone hence everyone cannot have a bitcoin wallet. Thus it cannot be exchanged for goods or services.

If you sell things physically you have to go to the meeting place like a market to exchange the goods. That means there's transportation fee excluded in that exchange. Most people now are connected to internet, and even if they don't have a phone they can use PC or tablet.

 

[Balint098]

a lot of companies are now even converting their capital to Bitcoin.

Do you have a scource that can backs up your claim? Considering Bitcoin's volatility, it's foolish for companies if they dare to convert their capital to crypto.

 

[Balint098]

Have you kindly read about the intelligence firm that bought about 21000 Bitcoin? , The internet is wide make your research on Google 21000 Bitcoin it isn't a small amount bro.

That's just one company, and an intelligence firm at that. No normal companies like to get in the volatile water of cryptocurrency before they stabilize.

 

[Monetizeit]

Not sure about that to be honest. The recent Twitter hack gave bitcoin a bad press so many people are still shy away from it.

I can tell you whole list of people who will only remember the bad things about the book point because that are the things that are media and other people specifically highlight and they do not try to teach the people about the real importance of this technology