I think a lot of the fear concerning BTC is that ppl are scared the price will shoot up before they accumulate enough. And enough is never enough.
Lol yea, I thought about this several times. I hope I get enough before it is too late.
Topic: Are you "scared" that Bitcoin might actually succeed? (Read 3873 times)
Lol yea, I thought about this several times. I hope I get enough before it is too late.
Why would I be scared? It would be amazing to be able to use my Bitcoins everywhere...
That's right there is no reason to be scared, there is no reason to be scared about anythin in life. It will not be long until it is everywhere so hold on
I give it till this summer before it starts picking up faster than ever.We have had a lot of good news recently and by summer more people would have adopted it, i am not sure about the price though just the amount of people interested in it which to me is more important for the long run because that will create demand and demand and need is what leads to the market giving it its value. $500 this year may well be possible though, fingers crossed for a good year.
Yes, just like when bitcoin first came out in 2008. People never have enough of what they wanted. If bitcoin did succeed, that would be good for those who have an abundant amount, but for newbies it's going to be very hard.
It is the problem of expectations about bitcoin. Does success mean just high profit for holders and the game is over, or it is all about convenient and mass adopted, decentralized tender, no matter what price it is?
Nah, Bring it on
I think bitcoin will succeed, albeit possibly not the way we want it to, but with new technology slowly comes widespread adoption. I think Bitcoin is taking this change for the better.
"Are you "scared" that Bitcoin might actually succeed?"
Why will I be scared of it ?
Why will I be scared of it ?
Correct. We are all here for Bitcoin's success right?
We are here because we believe that Bitcoin will create a major change in the world and we want to be part of that change right?
Then why should I be afraid?
"Are you "scared" that Bitcoin might actually succeed?"
Why will I be scared of it ?
Why will I be scared of it ?
I am somewhat concerned that as a result of mass adoption Bitcoin will become over regulated and you won't be able to use it as freely as you can today. Some bad things that could happen as a result of regulation:
- government sponsored blacklisting/tainting of coins and addresses
- license required to trade and exchange
- license required to mine
- license required to run full nodes
- registration of addresses used
- ban criminals from using Bitcoin (it's already illegal to be one - so don't drag Bitcoin into the picture)
- changes in protocol to support some or all of the above
If Bitcoin did end up evolving into a regulated cryptocurrency that everyone uses I would not consider that a success.
- government sponsored blacklisting/tainting of coins and addresses
- license required to trade and exchange
- license required to mine
- license required to run full nodes
- registration of addresses used
- ban criminals from using Bitcoin (it's already illegal to be one - so don't drag Bitcoin into the picture)
- changes in protocol to support some or all of the above
If Bitcoin did end up evolving into a regulated cryptocurrency that everyone uses I would not consider that a success.
How ever scarey this sounds if you take the stock market as a base line example you will find that you are probably right that started with not many regs but look at it now
Is it right hell no and if it does that will be the end for me at least, because i will not hang around with those regulations.
To add though i to can see them coming as well, i suppose we do need a few regs but i would aim them at some of the businesses that hold our coin not us individually this will be another attack on our rights and i hope we will all step up and say f no to these financial bullys.
We are a group that is most likely to and they probably know this, have to add though some will like these regs and being controlled.
I am somewhat concerned that as a result of mass adoption Bitcoin will become over regulated and you won't be able to use it as freely as you can today. Some bad things that could happen as a result of regulation:
- government sponsored blacklisting/tainting of coins and addresses
- license required to trade and exchange
- license required to mine
- license required to run full nodes
- registration of addresses used
- ban criminals from using Bitcoin (it's already illegal to be one - so don't drag Bitcoin into the picture)
- changes in protocol to support some or all of the above
If Bitcoin did end up evolving into a regulated cryptocurrency that everyone uses I would not consider that a success.
- government sponsored blacklisting/tainting of coins and addresses
- license required to trade and exchange
- license required to mine
- license required to run full nodes
- registration of addresses used
- ban criminals from using Bitcoin (it's already illegal to be one - so don't drag Bitcoin into the picture)
- changes in protocol to support some or all of the above
If Bitcoin did end up evolving into a regulated cryptocurrency that everyone uses I would not consider that a success.
the greater the success achieved, the greater the challenge that will hit it
Positive information as progress occurs then people will deal with it differently.
the greater the success achieved, the greater the challenge that will hit it
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i think crypto currencies are here to stay. no doubt.
Why would I be scared? It would be amazing to be able to use my Bitcoins everywhere...
That's right there is no reason to be scared, there is no reason to be scared about anythin in life. It will not be long until it is everywhere so hold on
I give it till this summer before it starts picking up faster than ever.
In April/May 2011 (and earlier) this forum was much quieter, and great conversations were easy to find. Those days are gone forever.
I want Biction to succeed "all the way", but that journey will not be easy. The establishment will fight back and the going could get rough.
Hopefully we will be flooded with a new group of honest people who have no intention of setting up more "failed companies".
Do you think the huge wave of venture capital will continue without big setbacks?
Are you "scared" that Bitcoin might actually succeed (and then have serious issues), or are you focused on the bright side?
I want Biction to succeed "all the way", but that journey will not be easy. The establishment will fight back and the going could get rough.
Hopefully we will be flooded with a new group of honest people who have no intention of setting up more "failed companies".
Do you think the huge wave of venture capital will continue without big setbacks?
Are you "scared" that Bitcoin might actually succeed (and then have serious issues), or are you focused on the bright side?
I'm too focused on the bright side I guess, as a bitcoin holder.
Why would I be scared? It would be amazing to be able to use my Bitcoins everywhere...
That's right there is no reason to be scared, there is no reason to be scared about anythin in life. It will not be long until it is everywhere so hold on
I give it till this summer before it starts picking up faster than ever. Yes, just like when bitcoin first came out in 2008. People never have enough of what they wanted. If bitcoin did succeed, that would be good for those who have an abundant amount, but for newbies it's going to be very hard.
You still have plenty of time as a newbie to amass a decent amount of BTC and call yourself a pioneer, this low price is a great opportunity. 
I think a lot of the fear concerning BTC is that ppl are scared the price will shoot up before they accumulate enough. And enough is never enough.
indeed , we're greedy bastards 
Op , why would we be scared of bitcoin succeding ?
i have no doubt bitcoin / some other cryptocurrencry will take over the world's economy by year 2030.
Why would I be scared? It would be amazing to be able to use my Bitcoins everywhere...
They have been fighting back since a couple years back. I hope it will one day succeed, yet I don't think it will be alone. Quite a few of the alts will become established as well. Not really a way around it. I realize that LTC will hold its own and maybe something like DRK.
I would actually like prices to stay low for the next few years so that I can accumulate.
I would actually like prices to stay low for the next few years so that I can accumulate.
I am not scared if it succeeds, why would anyone be scared? I am assuming most people have something invested into Bitcoin, well all of us here do, if not money at the very least it is time invested. There are a lot of hiccups that could happen but I guess you just have to roll with the punches and hope for the best. I am hoping Bitcoin takes off this year, I would love to actually have some coins and see it take off. I missed it the first time around so here is hoping!
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