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20k DOW vs BITCOIN
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<blockquote data-quote="LarryBird" data-source="post: 4109915" data-attributes="member: 76548"><p>So what now does it have to do with being a crypto currency? This wasn't the original intent of bitcoin - they were meant to be used, correct? Bitcoins were supposed to be used as payments for goods and services, as a currency, albeit an alternative one.</p><p></p><p>Bitcoin, and by proxy other altcoins, have become nothing more than just another investment vehicle.</p><p></p><p>Where/what are the coins with the real world application(s)? What aspects would that coin need to have to truly function as an alternative currency? These are a couple questions I've been asking myself lately, and trying to research. There's a few reasons and theories I have behind this, but I'm not sure if I'm right or wrong, and doubt that it's even possible to say, yet. Probably won't be answerable for a years to come, maybe even a decade or more.</p><p></p><p>But if there turns out to be no real world applications, or at least a certain level of mass adoption for bitcoin, and without a price stabilization I don't see that coming. Then how could this not be a massive bubble? How does this not have the aspects of a pump and dump scheme? </p><p></p><p>It's at least a valid question.</p></blockquote><p></p>
[QUOTE="LarryBird, post: 4109915, member: 76548"] So what now does it have to do with being a crypto currency? This wasn't the original intent of bitcoin - they were meant to be used, correct? Bitcoins were supposed to be used as payments for goods and services, as a currency, albeit an alternative one. Bitcoin, and by proxy other altcoins, have become nothing more than just another investment vehicle. Where/what are the coins with the real world application(s)? What aspects would that coin need to have to truly function as an alternative currency? These are a couple questions I've been asking myself lately, and trying to research. There's a few reasons and theories I have behind this, but I'm not sure if I'm right or wrong, and doubt that it's even possible to say, yet. Probably won't be answerable for a years to come, maybe even a decade or more. But if there turns out to be no real world applications, or at least a certain level of mass adoption for bitcoin, and without a price stabilization I don't see that coming. Then how could this not be a massive bubble? How does this not have the aspects of a pump and dump scheme? It's at least a valid question. [/QUOTE]
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