09-12-2017/01:39 PM
(09-12-2017/01:00 PM)Jr Moist Wrote:(08-12-2017/09:37 AM)Ancient_Tome Wrote: The reason bitcoin is what it is today is because of people who truly believe in what it is about at its core; an open-source, decentralised currency. So many people are buying bitcoin today because they see it only as a way to get quick rich. They aren't using it for what it is intended to be; a currency. Many people see it only as an infinite money generator. When bitcoin starts to dip, many people will panic sell and the price will tank dramatically, as they are only in it for the money. They will want to cut their losses as much as possible. Needless to say, many lives will be destroyed when the bubble bursts.Ok so u r very wrong here.
bitcoin and alot of other crypto currency's are used to buying drugs, weapons etc.
like yes it is being used for making money but the main purpose of bitcoin is for a currency that is not traceable by the authorities and can be used for shady shit,
many crypto currency's were made for this purpose, and this purpose alone.
but due to the way it's been rising it is now used to make money which is not its intention.
just give it a few weeks or months and it will pop
How about you actually read what I said before you call me wrong in your painfully broken English. I stated very clearly that bitcoin is intended to be used as a decentralised currency. However, in the past few weeks many people have been buying it with no intention of using it as a currency, rather selling it at an increased price to generate profit. In addition, you saying that "it is not traceable by the authorities and can be used for shady shit" is a gross simplification.