A reminder to all new Bitcoin investors - page 2.

Ojima-ojo

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Quote from: hatshepsut93 on February 01, 2023, 05:10:27 PM

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.

I guess when we talking about new thing that replaces the old ones we should be informed enough to know that, replacing existing systems with a newer ones requires the new ones to be more successful and advanced than the old system if not it will not amount to anything.

Ops used those few examples since most of them have offered a sustainable replacement to the latter, take bitcoin and the bank for example, or email vs postal services this is more comparable compared to the thousands of shitcoins proclaiming to replace existing systems.

yazher

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They just want to terminate their competitors no matter what kind of way they are using and they even go to the point where they put the global warming problem on the Bitcoiners, especially the miners. I mean! how desperate is that? they always have this negative thought about the innovation that will gonna be improving and making it convenient for people in the future and instead of adopting it, they always have some idea about how they will prevent such innovations to prosper and to spread to the people but thankfully they always failed to do so and at the end of the day, they were forced to adopt the crypto industry in their businesses.

livingfree

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We can't keep away from the FUD but instead, we can just inform ourselves and be firm with what we stand and believe with bitcoin.

We can ignore all of those FUDs and never listen to them. They'll keep coming and will continue to pull bitcoin down but none of them will prevail. As you've said, many times did it died and still it's standing as of now and becoming stronger.

We don't know what's with the future of it but it's safe to say that it's here to stay as of now.

xSkylarx

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It made me think about this, which is true of a lot of things that try to bash and stop bitcoin by making it illegal or banning it, but still, it continues and stands. Also, we can see that this is a great innovation, and most of those outdated ones are scared that they will get lost because of this innovation. It is not only for the new adopters but also for us oldies, as it is some sort of meme that we can laugh at, which is true. This is also a good marketing strategy for bitcoin since newbies will now buy bitcoin.

ethereumhunter

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Of course, the old won't be happy to see the new can improve more rapidly than the old and that's normal. Those who are old will always try to bring down those who are new by any means, including spreading public lies to persuade the public to leave the new ones. But if the public doesn't believe the fake news, they won't respond to it and if until now there are still those who are affected, it means they need to learn more about these innovations.

Don't care about people who try to spread lies like that so you can stick with your choices and actions. Just let them be like that and later, they will see for themselves and regret not following what we are doing.

Henrobakkara

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Quote from: mendace on February 01, 2023, 03:29:13 PM

The message in the image from Huobi exchange is encouraging new Bitcoin adopters to not be discouraged by negative opinions and "FUD" (fear, uncertainty, and doubt) surrounding the cryptocurrency. It highlights that technology is advancing and Bitcoin is a reliable digital currency that has faced challenges before but has always persevered. The message also mentions that the only thing the "haters" can do now is create central bank digital currencies (CBDCs) and spread FUD.

Agree and I believe the message is very clear and encouraging as you said but can we say that this has to be targeted only to the new Bitcoin adopters? my view is that even the supposedly old hands in the space fall for FUDs too because most still lack the understanding and firm belief in what Bitcoin stands for instead of just seeing it as an investment tool.

yhiaali3

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This happens in all ages, there is always a struggle between the old and the new, this happened with all important inventions such as cars, planes, computers and mobiles as well.

For example, some people in my country refuse until this time to use modern mobiles on the grounds that they are a threat to their privacy. Some of them still cling to the old mobiles that work on buttons, while others (the elderly) refuse to use them.

There are many inventions throughout history that people refused to use at first, and then with time became the first tool used in all their lives.

This will happen one day for bitcoin.

posi

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Quote from: AverageGlabella on February 01, 2023, 08:15:37 PM

Taxis still exist and serve a purpose, hotels still exist and serve a purpose, newspapers do exist but their popularity is declining so much that I think they will not be around much longer. Banks still exist and I think they will continue to exist. I think it is important to see that btc is not going to replace the current things that people rely on but they can co exist. Airbnb has helped push hotels to be more competitive and the same with uber and taxis. Maybe btc will encourage banks to operate more honestly and stop blocking peoples accounts and telling them what they can or cant do with their money.

Indeed, the emergence of bitcoin is only intended to provide us with one more solution, it is not intended to replace banks and cannot replace banks. To be fair, the bank has been around for hundreds of years, and it represents the government, so if there is something that can replace it, the government will be the one to do it. A decentralized asset like bitcoin will never stand a chance, the government will never let that happen.

Russlenat

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Quote from: franky1 on February 01, 2023, 03:37:01 PM

the main ones i remember was

"email wont catch on" - postal service
"digital photos wont catch on" - kodak film

Hahaha so true, as I was there to witness how postal service and Kodak film were so in demand but with the unstoppable emergence of this new technology, emails and digital photos are now already the trend, those postal service and Kodak film are already considered antiques. Same with bitcoin, it’s blockchain technology is already more beneficial these days compared to traditional banks whose services are slow in action.

Adbitco

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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.

Outhue

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Quote from: hatshepsut93 on February 01, 2023, 05:10:27 PM

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 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.

Vyeon11

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in fact it is all a business.
all the chatter they put out about bitcoin is just their envy that can't compete with the performance that bitcoin imposes on every investor.
even though it's all in vain, if they can only talk.

that's not how to compete, don't just rely on your ego without thinking,compete with innovation, not compete with intolerance.

kizlod

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Quote from: AverageGlabella on February 01, 2023, 08:15:37 PM

Taxis still exist and serve a purpose, hotels still exist and serve a purpose, newspapers do exist but their popularity is declining so much that I think they will not be around much longer. Banks still exist and I think they will continue to exist. I think it is important to see that btc is not going to replace the current things that people rely on but they can co exist. Airbnb has helped push hotels to be more competitive and the same with uber and taxis. Maybe btc will encourage banks to operate more honestly and stop blocking peoples accounts and telling them what they can or cant do with their money.

Well, no one said that BTC will replace the current monetary system. BTC doesn't need that anyway, it's just a great option if you need freedom and privacy with your money.

AverageGlabella

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Taxis still exist and serve a purpose, hotels still exist and serve a purpose, newspapers do exist but their popularity is declining so much that I think they will not be around much longer. Banks still exist and I think they will continue to exist. I think it is important to see that btc is not going to replace the current things that people rely on but they can co exist. Airbnb has helped push hotels to be more competitive and the same with uber and taxis. Maybe btc will encourage banks to operate more honestly and stop blocking peoples accounts and telling them what they can or cant do with their money.

Hispo

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I can see the message they are going for here and I like it.
On the other hand, one of those examples catches my attention because I do not recall newspapers ever talking against the personal computers during the time technology started to become more affordable for everyone.

Anyways Op, thanks for sharing.

Smartvirus

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Quote from: KiaKia on February 01, 2023, 02:03:02 PM

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 don't think you really get the picture @OP. Huobi is a crypto innovated exchange and they can't promote what would mean no business for them . They are out for the money yes but, they aren't gonna get one just to rub put of business later.

What you've got there in OP is a Irony. The definitely mean the exact opposite.
What we've got there is just some simple comparison for you to see how better we've got these new innovations, how easy and better it jas made things as opposed to the traditional. It's just as clear as that and it's really upto to spot the better and tag along.

Iroh

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Looking at it from an economic perspective, one would understand why old businesses would be scared of the new attractive innovative new businesses that come with new and amazing technologies. Of course they would be scared and create a whole lot of misinformation and outright lies, sharing and spreading propaganda to discredit the new innovations.

Bitcoin has withstood and is still withstanding the test of time as it has been predicted countless number of times over the years of the demise and fall of bitcoin.
Sadly, the exchange would not promote users directly holding their own coins.

suzanne5223

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I believe the information was for both new and old Bitcoin adopters. If you check the forum during the market bearish you'll be surprised how some old users lose trust in the Bitcoin market due to the partial downtrend that was introduced to complement the market and also introduce a new buying opportunity to the people.

dunfida

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Quote from: KiaKia on February 01, 2023, 02:03:02 PM

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.

And those new ones would become old ones and be tried to be replaced by new ones and the cycle continues.This is why its never been that ideal to be conclusive in things.Its not bad to be that optimistic but dont make yourself do stick into it because nothing do last forever but somehow basing up on the progress and changes then we can really say that it is really be currently the big thing as of this moment.
You could both deal on things which is basing or according into your preference.Whether we do hate up fiat and banking system due to centralization but we cant still ignore considering
that they are still mainly being used along the way.

CryptoPanda

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I don’t think bitcoin will replace traditional banking, they will never allow that to happen. Bitcoin disrupts the system put in place by the 1% who rule the world to keep the rest of the population under control. I don’t think Satoshi believed bitcoin would replace fiat system, I believe he created bitcoin to give us a second option even though banks and governments won’t admit it bitcoin is a better and more reliable payment system.

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