New thing is not guaranteed to replace the old thing just because it's new. I can demonstrate the absurdity of this narrative by pointing out that every of the thousands of altcoins claims that it's going to replace Bitcoin soon. And yet they don't, just like Bitcoin is not replacing banks.
Yes indeed new goods cannot always replace old goods, even though new ones are created with more sophisticated innovations, new ones can never be guaranteed to last long, bitcoin is the only Cryptocurrency that came first and bitcoin has been proven to be able to survive in the long term and has even survived more than a decade but the longer it makes the price more expensive which indicates that bitcoin continues to be in demand by investors because they trust old coins more than new coins whose existence on average can only last a short time. 
Topic: A reminder to all new Bitcoin investors (Read 505 times)
Stay away from any Bitcoin FUD and always remember that Bitcoin has faced death so many times and still prevails, this is beyond stoppable for the haters now, the only thing they are capable of is the CBDC and FUDs.
This is a very nice information for the new investors in bitcoin. Other financial institution would want to poison your mind about bitcoin investment. Because bitcoin investment is a threat to them. Bitcoin is one of the best digital currency i according to my research, it is reliable. People will criticise your progress and make you to join them. Someone who is selling a nokia phone will tell you that Infinix is better than nokia. To the new investors in bitcoin, do not be decieved by anyone, bitcoin is really a secured and trusted digital currency. 
New ideas will be say as bad ones if no people know to make this thing happen. Most of the people are result oriented that's why they applause all the success and ignore other new one, that's why there are some came late then blame theirselves why they didn't think that way or start early.
For the success made by them which change totally the world it shows that for someone who has an idea which they think unique and new which they can help people they should release it since maybe this could help people to make their life more easier on daily basis also to the idea creator to earn huge on it.
For the success made by them which change totally the world it shows that for someone who has an idea which they think unique and new which they can help people they should release it since maybe this could help people to make their life more easier on daily basis also to the idea creator to earn huge on it.
I just have a fast understanding about this picture and what is on it, which is if you have something you have made up your mind on and you see a positive growth on it go ahead and do it because no matter what you do there must be critics that will try to pull you down. Every new technology takes out the old one and of course the new one becomes the new normal and potential for profit both from road transport, agriculture, finance etc.Haters are all over but strong willed investors are still going on strong with bitcoin.
If new technologies are replacing old ones, then there must come a time when something will appear that will be better than bitcoin, is this possible, right? Everyone will defend what is more profitable for him, but new technologies will inevitably crowd out the old ones, since they will be more convenient and more profitable. Everything new must stand the test of time, when there is no other option than to simply accept this new technology and start enjoying its advantages over the older ones.
Bitcoin could ruin their business. especially for countries that have not been able to suppress corruption cases. and their current political elites insist on protecting their own money. one of them with what you're talking about.
this is not the first problem, this kind of situation I think has appeared several times in the past. and the news came and then it disappeared. affect the market, but that will mean nothing because the trust in Bitcoin is currently growing very strongly.
If they can not stop miners operating their mining farms, they won't be able to prevent citizens to use and trade Bitcoin.this is not the first problem, this kind of situation I think has appeared several times in the past. and the news came and then it disappeared. affect the market, but that will mean nothing because the trust in Bitcoin is currently growing very strongly.
Trading deals can be done on centralized exchanges, decentralized exchanges, non-KYC exchanges or in-person trade deals. People can exchange Bitcoin individually to get books and many things. Lightning network is helpful for small deals too.
Governments have no way to stop it completely and I only think that they will not try to stop it. They want money for their governmental operations and how to get it? They can gain it from citizen tax and in cryptocurrency, they can force exchanges and cryptocurrency enthusiasts to pay tax. That's one of main business tasks for governments.
FUD,s are part of the campaigns through which CBDC are using to flood untrue and dirty shits about BTC and these FUDs expressed by the banks are a show of an expression of fear the banks have within themselves for the growth of bitcoin as the digital currency is quickly spreading like a wild fire irrespective of all the falsehood to both newcomers and old adopters of the the currency and the decentralization is what burns them more.
Bitcoin could ruin their business. especially for countries that have not been able to suppress corruption cases. and their current political elites insist on protecting their own money. one of them with what you're talking about.this is not the first problem, this kind of situation I think has appeared several times in the past. and the news came and then it disappeared. affect the market, but that will mean nothing because the trust in Bitcoin is currently growing very strongly.
Haha, very well but dear its an alarming situation for mankind as far as I know every innovation disturbs the traditional jobs system, In a few years back small to a small office was hiring 2 or 3 Accounts employees weathers it was a textile, Small Business, Local Product or Grocery store. Nowadays stores are automated software taking the places of the Jobs of Accountants, 1 person is alone handling all these small sectors. In the current timeline, we don't even need a single person to run stores, Stock automated, payments automated Finance automated.
Jobs are in danger now, maximum Jobs because Software / AI provides fast, efficient, and cheaper results. The good point here with Bitcoin is Banks are really not needed for the day-to-day system so it's good bitcoin. In the coming, timeline Jobs criteria are almost going to end it sounds filmy but it is the reality.
Jobs are in danger now, maximum Jobs because Software / AI provides fast, efficient, and cheaper results. The good point here with Bitcoin is Banks are really not needed for the day-to-day system so it's good bitcoin. In the coming, timeline Jobs criteria are almost going to end it sounds filmy but it is the reality.
FUD,s are part of the campaigns through which CBDC are using to flood untrue and dirty shits about BTC and these FUDs expressed by the banks are a show of an expression of fear the banks have within themselves for the growth of bitcoin as the digital currency is quickly spreading like a wild fire irrespective of all the falsehood to both newcomers and old adopters of the the currency and the decentralization is what burns them more.
New thing is not guaranteed to replace the old thing just because it's new. I can demonstrate the absurdity of this narrative by pointing out that every of the thousands of altcoins claims that it's going to replace Bitcoin soon. And yet they don't, just like Bitcoin is not replacing banks.
You're right, but only partly.
While Bitcoin will not replace the commercial banks and even more I think that sooner or later those will offer Bitcoin-related products - exchange, investment and maybe reserve too - (some already started on that path), Bitcoin does have the potential to render useless the central banks. Of course, we are very far from that (globally), still, it is possible.
But of course, that's expected. No matter how pious or lenient a business owner is, they will always want to stay in business and make profit. The easiest strategy to getting that is to protect one's business from rivalry. Some of these business owners will resort to negative press or FUD on their rivals. That's what we get to see with sponsored press by banks and other financial houses against Bitcoin. This day, I don't react to FUD. I just plug my ears.
It is a business competition and lagging technology will always corner the latest technology that new technology will only be burdensome and inefficient. Yet they were talking about themselves. Banks feel very competitive with Bitcoin, but Bitcoin does not give any response, it's about the choice of society and today's modern users. FUD continues to be deployed to destroy the bitcoin market, but the more it is hated, the more hype and adoption it starts to do. Covering your ears and not responding to FUD as a threat would be better.
It's true that over the years, Bitcoin and other cryptocurrencies have encountered many difficulties, including bad media coverage and rumors regarding their future. But in spite of these difficulties, the bitcoin market has continued to expand and change.
But I liked the pictures. It's very evident why and who doesn't like Bitcoin. Many things can be described by a single image.
But I liked the pictures. It's very evident why and who doesn't like Bitcoin. Many things can be described by a single image.
The image above is from Huobi exchange, it shows that now matter how good a new innovation is, the old ones won't want to see it prevail, they will ridicule it to the core, do not be fooled
But of course, that's expected. No matter how pious or lenient a business owner is, they will always want to stay in business and make profit. The easiest strategy to getting that is to protect one's business from rivalry. Some of these business owners will resort to negative press or FUD on their rivals. That's what we get to see with sponsored press by banks and other financial houses against Bitcoin. This day, I don't react to FUD. I just plug my ears. 
The image above is from Huobi exchange, it shows that now matter how good a new innovation is, the old ones won't want to see it prevail, they will ridicule it to the core, do not be fooled, technology is advancing and Bitcoin is simply the most reliable better digital currency and a big headache for the banks.
Stay away from any Bitcoin FUD and always remember that Bitcoin has faced death so many times and still prevails, this is beyond stoppable for the haters now, the only thing they are capable of is the CBDC and FUDs.
I just have a fast understanding about this picture and what is on it, which is if you have something you have made up your mind on and you see a positive growth on it go ahead and do it because no matter what you do there must be critics that will try to pull you down. Every new technology takes out the old one and of course the new one becomes the new normal and potential for profit both from road transport, agriculture, finance etc.Haters are all over but strong willed investors are still going on strong with bitcoin.
This case might be one of the things that usually old things will say about innovation. Because they feel they are starting to be evicted and are starting to worry about changes in people's behavior to switch to these innovative products. And finally, they started spreading FUD which makes the latest innovations sometimes face enormous obstacles. However, they sometimes forget that innovation will continue to exist, and if they themselves do not innovate or work together to establish a relationship with these innovations, their position may indeed begin to shift little by little. We are even starting to realize that the latest innovations will usually provide more convenience than the old products which were stagnant and too centralized.
Especially with regard to Bitcoin, we are and may continue to face various accusations of bad ideas from the banking world because this is indeed a very tough competition. Not only that, they are supported by many governments which sometimes oppose the existence of Bitcoin and various world cryptocurrency innovations. because of that, we as human beings should be more open-minded and take advantage of all the potential that exists in various fields and innovations to continuously develop ourselves and benefits from them.
Especially with regard to Bitcoin, we are and may continue to face various accusations of bad ideas from the banking world because this is indeed a very tough competition. Not only that, they are supported by many governments which sometimes oppose the existence of Bitcoin and various world cryptocurrency innovations. because of that, we as human beings should be more open-minded and take advantage of all the potential that exists in various fields and innovations to continuously develop ourselves and benefits from them.
Most at times the news circulating around you might gives you a misrepresentation of the latest happening. But what really matters is the ability for you to understand, compare and comprehend it intensively before diving into whatever its. The above said images can not either replace any of those things, rather can only serves as a means of improvement over the usability to facilitate human operation and needs. Typical example is bitcoin, for instance it was created for a purpose to serve as an alternative means of payment, and today it have been accomplished. Although other altcoin promised largely to replaced bitcoin and yet today I can't find any that even tends to function as bitcoin talking less of replacing bitcoin entirely.
Some may misinterpret, but some will eventually agree on it since they know exactly that changes are inevitable especially if the said changes will bring out positivity. It’s all about how those people actually understand it and grasp the idea as to how it will be beneficial for most of us. Just like bitcoin, everyone has attacked it in its first year but when people slowly understand the reason of it’s existence and how it brings freedom for us, then we eventually start liking it next to fiat.
Absolutely true
Don't let other people talk you out of your goals and intentions all the time.
Always practiced conducting thorough research on your own
Don't let other people talk you out of your goals and intentions all the time.
Always practiced conducting thorough research on your own
This is an informative message passed by Huobi exchange for beginners in crypto to have in mind. Anyway, this kind of thing happens when an old innovation feels threatened by the new innovation that is well unique and faster than her in delivery jobs. She will find ways to discredit it to the general public so as not to seem irrelevant to the world.
Day by day the difference is getting clearer and people are understanding that the new digital innovation example bitcoin, Uber, and computers is far better and advanced than the old one that still operates locally(analog).
Day by day the difference is getting clearer and people are understanding that the new digital innovation example bitcoin, Uber, and computers is far better and advanced than the old one that still operates locally(analog).
I like the image and the sentiment, it's a nic move from Huobi. It's also brave of them to be confident that it won't backfire against them, since, being a centralized exchange, they are also an intermediary Bitcoin allows getting rid of. And something like "Noncustodial wallets are a bad idea — Centralized exchanges" is not just relevant but also true, as Binance is already pushing such an idea.
As for the target audience, I agree with those who day it's both for old and new adopters. It's just a nice reminder.
As for the target audience, I agree with those who day it's both for old and new adopters. It's just a nice reminder.
This is how the existing businesses react to the new innovations because of feeling insecure, they see the new ideas putting an end to their monopoly in the system. On the other hand an alternate source always brings competition with it and the opportunities to coexist.
In case of Bitcoin I think the competitors are not commercial banks directly but the authority that generates fiat currency of a country are the real competitors. That's why it is banned in some countries while some of the countries are constantly making laws in the name of regularisation to get control of BTC.
In case of Bitcoin I think the competitors are not commercial banks directly but the authority that generates fiat currency of a country are the real competitors. That's why it is banned in some countries while some of the countries are constantly making laws in the name of regularisation to get control of BTC.
You are right, but either the new thing is going to work or not the FUD is going to be present always, I believe that's why OP created this topic, it's not about if the new thing will work or fail, it's about the FUD new things get from the old.
Also, Bitcoin doesn't look like a failure since the past many years now, also newspaper doesn't matter anymore because people prefer reading news on their smartphones today, I still prefer Taxis over Uber and Hotels over Airbnb but the new things all works very well.
Also, Bitcoin doesn't look like a failure since the past many years now, also newspaper doesn't matter anymore because people prefer reading news on their smartphones today, I still prefer Taxis over Uber and Hotels over Airbnb but the new things all works very well.
Banks generally don't fear Bitcoin and don't spread FUD against it. If they viewed Bitcoin as competition, they would ban all Bitcoin-related transactions. But few banks in the world do that. You can freely send money between a bank and a crypto exchange or conduct p2p trading via bank transfers. And banks certainly have enough money to launch a sustained media campaign against Bitcoin, yet we don't see any signs of it. Just because there's a lot of skeptics doesn't mean they were hired by banks.
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