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.
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.
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.
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.
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.
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.
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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.
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.
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. 
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.
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.
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.
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. "email wont catch on" - postal service
"digital photos wont catch on" - kodak film
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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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.
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.
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.
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.
Actually almost everyone knows about bitcoin. But where blinded on what media is showing. Because most media news will only make a headline when someone got hacked on bitcoin, scammed, lost because of theft, bankruptcy, in short bad publicity. Misinformation is the problem.On the other hand, many are actually bullish to bitcoin but become disappointed when faced security compromised, hacking/stolen, phished, etc.
Investing bitcoin is not just having or buying them but having full security, safe device and good practice of keeping them. These should be taught not just "you will be rich and financially literate when you invest long term in bitcoin"
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For those of us who have been here, buying and selling bitcoin for a very long time now, I personally do not consider this topic as serious, since our minds are pretty made up never to give up on bitcoin, no matter what comes, and it doesn't matter if the price of bitcoin return back to $1000.
But going to the newbies out there, the OP is as important to keep them motivated, and all that houbi said in the infographics which the Op shared is absolutely true, every new technology has faced some level of criticism before they finally become mainstream tech for the entire world, bitcoin is no different, bitcoin, like every other mentioned is a new tech, and normally, must have its own share of criticism before it finally enters the mainstream payment system of the world, so buy and hold your bitcoins tight.
But going to the newbies out there, the OP is as important to keep them motivated, and all that houbi said in the infographics which the Op shared is absolutely true, every new technology has faced some level of criticism before they finally become mainstream tech for the entire world, bitcoin is no different, bitcoin, like every other mentioned is a new tech, and normally, must have its own share of criticism before it finally enters the mainstream payment system of the world, so buy and hold your bitcoins tight.
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.
Every new innovation or technology always face difficulty breaking through and the major difficulty they face is posed by their older competitors that the new innovation wants to obsolete. But one remarkable thing is that if the new technology has the ability to extinct the old, no matter how false information is flagged against the new technology, the new technology must prevail only if it has the ability to solve a big old unsolved problem.
the main ones i remember was
"email wont catch on" - postal service
"digital photos wont catch on" - kodak film
"email wont catch on" - postal service
"digital photos wont catch on" - kodak film
There's always a group that feels threatened by new technologies or innovations.
There are numerous false statements made by people who were into computers like Bill Gates, who said in 1994: "I see little commercial potential for the internet for the next 10 years."
If someone familiar with computers and the Internet, who was programming in the 70s, so he had decades of experience, could be so wrong, so can be any of the current so called "financial experts."
What amazes me is that people trust Buffet and Munger on this when these people have never been interested in tech stocks. They're mentally stuck in the 20th century and completely missed the rise of Google, Facebook and Amazon. Now they suddenly have an opinion on the market they don't understand and don't participate in.
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.
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.
FUD will still be part of the market, either you take actions from this or you’ll just ignore it.To become successful I think its better if you have your target price and cut loss price, by this you’ll know when to exit the market and avoid from any big losses.
Bitcoin will always rise, just try to maximize its trend if you’re a long term player, there’s also an opportunity during the FUD, just continue to look for the perfect timing.
This banner helps to attract newbies or new users to trust bitcoin and its value. They list some of the modern technology which replaced the old ones. Bitcoin may be fairly new in the market, but it has already significantly impacted our lives, and more people are now adopting bitcoin.
Op, Nokia also rejects to switch their phones to android. I can not remember what they quoted at that time. But they also miss out on the technology first.
Op, Nokia also rejects to switch their phones to android. I can not remember what they quoted at that time. But they also miss out on the technology first.
the main ones i remember was
"email wont catch on" - postal service
"digital photos wont catch on" - kodak film
"email wont catch on" - postal service
"digital photos wont catch on" - kodak film
Ha ha - as a photographer, I know that one about Kodak!
Nice graphic by Huobi, its actually quite a strong one.
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.
So true, when I hear that crap in the media it doesnt even register with me anymore.
I have heard it all before and have become completely desensitised to their messages.
The image OP used is very catchy and conveys popular opinion of competitors. The fact that Bitcoin has been afloat despite market fluctuations is a proof of trust to show that it is and will remain a name to recon with in the decentralized system of crypto currency and exchange.
Investors or newbies delving in, need not panic about the authenticity of its service, but learn how to invest following bear and bull run that affect margins of profit/gains.
Yes and the OP used the image to interpret the whole thread which has again explain to layman understanding, though at first I didn't understand what op was saying but could understand it later. The downtrodden (coming down of suffering in the bear markets) of bitcoin is to favour some investors then the bull as well is also to benefit some investors, but the bull is the best in the crypto investment. Investors or newbies delving in, need not panic about the authenticity of its service, but learn how to invest following bear and bull run that affect margins of profit/gains.
Bitcoin investment should be made to the age of +18 so that they bear the risk in it.
The image OP used is very catchy and conveys popular opinion of competitors. The fact that Bitcoin has been afloat despite market fluctuations is a proof of trust to show that it is and will remain a name to recon with in the decentralized system of crypto currency and exchange.
Investors or newbies delving in, need not panic about the authenticity of its service, but learn how to invest following bear and bull run that affect margins of profit/gains.
Investors or newbies delving in, need not panic about the authenticity of its service, but learn how to invest following bear and bull run that affect margins of profit/gains.
All these information about bitcoin is a good one for beginners to know. But in as much as a beginner has made up their mind to learn more about bitcoin, they shouldn’t be discouraged by the negative sayings about bitcoin but rather leverage on how to be better and productive in what they stand to gain about bitcoin in the cryptocurrency market. We are in a competitive age, so fake and unreliable facts will be the words of the fellow competitor vying to make their same business better as them, which they also want to prevail amongst others.
the main ones i remember was
"email wont catch on" - postal service
"digital photos wont catch on" - kodak film
"email wont catch on" - postal service
"digital photos wont catch on" - kodak film
Life is all about competition and readiness to take risk which also requires your serious determination before you can experience the best of it, those that are not yet into the digital era of bitcoin don't actually knows what they have been missing not until one day that they will decided to give a try, bitcoin is obviously different from every other technological development today because all about bitcoin is in a unique way like no other, talking about the decentralization, anonymity, volatility, profitability, availability, immutability and so on that we all benefits from bitcoin.
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.
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.
Fuds have always been that way and only the gullible can be deceived by such comments, at least I know enough to decide which is bad and which is acceptable.
And to that point Bitcoin is the best form of the store of value and a hedge over inflation.
So I was day trading on Huobi exchange today and I come across a new update from the exchange with this beautiful information, I believe this is strictly for the new Bitcoin adopters
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.
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.
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