Crypto ‘Won't Turn Out to Be a Complete Delusion' - page 2.

Malsetid

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Quote from: lyks15 on April 02, 2019, 05:57:30 PM

Complete delusion? That's a big word. Maybe people did not really understand bitcoin. How can you say delusion if cryptocurrency helps you to improve your life? Can you also say delusion if crypto will help you to have an extra income or a full time income because you are unemployed? Make sense everyone, bitcoin is real and don't need to criticized in a negative way.

And it's already bring used today. It has actual use and actual demand and i'm pretty sure that future transactions will move around crypto and digital modes. That makes it relevant. Maybe you can't see it now but a lot of us do see bitcoin becoming one of the top altrrnatives to fiat a couple of years from now.

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Complete delusion? That's a big word. Maybe people did not really understand bitcoin. How can you say delusion if cryptocurrency helps you to improve your life? Can you also say delusion if crypto will help you to have an extra income or a full time income because you are unemployed? Make sense everyone, bitcoin is real and don't need to criticized in a negative way.

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Quote from: deisik on April 02, 2019, 04:01:02 PM

Quote from: Ailmand on April 02, 2019, 02:06:33 PM

Quote from: Sandus_Cryptolover on March 07, 2019, 04:55:19 AM

Couple of years back, some individual who feel they so much understand the financial market claimed Bitcoin to be a bubble as well as a delusion then, currently have a change of opinion. Niall Ferguson is one of such and this is an extract of his recent opinion.

British economic and financial historian Niall Ferguson says that cryptocurrencies will not turn out to have been a complete delusion, as he had once assumed.

https://cointelegraph.com/news/economic-historian-niall-ferguson-crypto-wont-turn-out-to-be-a-complete-delusion

With no doubt, it's becoming very clear to all that the revolution of blockchain and Cryptocurrency at large is unstoppable.

See even those who once been against Bitcoin is now accepting the fact that it would be part of our life.
We couldn't go blind on this because it is clear that the world is adopting to crypto little by little

It is not clear what you mean by the world adapting to crypto

Yes, everyone is now familiar with Bitcoin if that is what you mean, but without common people actually starting to use it for any real-life purpose (or even speculation), it doesn't amount to anything in particular. Further, people seem to overestimate the importance of cryptocurrencies as such on a grand scale (I know, we all want to believe)

It is a way of living for many people as well as a means of living to likely as many, but on a world scale it is still pretty insignificant and inconsequential. In other words, crypto mostly produces noise, i.e. everyone loves to talk about it but you know talk is cheap

Yes we are making noise and as we all know crypto isnow being accepted as a payment method.
So you could say that we could now use it in real life .
Little by little we are making Bitcoin be part of our daily life.
And the noise and cheap talk is now making it's way to be part of the real world.

deisik

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Quote from: Ailmand on April 02, 2019, 02:06:33 PM

Quote from: Sandus_Cryptolover on March 07, 2019, 04:55:19 AM

Couple of years back, some individual who feel they so much understand the financial market claimed Bitcoin to be a bubble as well as a delusion then, currently have a change of opinion. Niall Ferguson is one of such and this is an extract of his recent opinion.

British economic and financial historian Niall Ferguson says that cryptocurrencies will not turn out to have been a complete delusion, as he had once assumed.

https://cointelegraph.com/news/economic-historian-niall-ferguson-crypto-wont-turn-out-to-be-a-complete-delusion

With no doubt, it's becoming very clear to all that the revolution of blockchain and Cryptocurrency at large is unstoppable.

See even those who once been against Bitcoin is now accepting the fact that it would be part of our life.
We couldn't go blind on this because it is clear that the world is adopting to crypto little by little

It is not clear what you mean by the world adapting to crypto

Yes, everyone is now familiar with Bitcoin if that is what you mean, but without common people actually starting to use it for any real-life purpose (or even speculation), it doesn't amount to anything in particular. Further, people seem to overestimate the importance of cryptocurrencies as such on a grand scale (I know, we all want to believe)

It is a way of living for many people as well as a means of living to likely as many, but on a world scale it is still pretty insignificant and inconsequential. In other words, crypto mostly produces noise, i.e. everyone loves to talk about it but you know talk is cheap

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Quote from: Sandus_Cryptolover on March 07, 2019, 04:55:19 AM

Couple of years back, some individual who feel they so much understand the financial market claimed Bitcoin to be a bubble as well as a delusion then, currently have a change of opinion. Niall Ferguson is one of such and this is an extract of his recent opinion.

British economic and financial historian Niall Ferguson says that cryptocurrencies will not turn out to have been a complete delusion, as he had once assumed.

https://cointelegraph.com/news/economic-historian-niall-ferguson-crypto-wont-turn-out-to-be-a-complete-delusion

With no doubt, it's becoming very clear to all that the revolution of blockchain and Cryptocurrency at large is unstoppable.

See even those who once been against Bitcoin is now accepting the fact that it would be part of our life.
We couldn't go blind on this because it is clear that the world is adopting to crypto little by little .

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Quote from: Teawhalee on March 31, 2019, 01:48:58 PM

firstly many people do not really understand what cryptocurrency is all about, all they just do is to just criticize badly and turn a lot of people against it. this kinds of people have influence which is why they can use it without thinking twice sometimes. the cryptocurrency revolution is too strong than what one person or government will make effort to pull down and succeed. everyday there is new development , people are making efforts to create something that will ease living for humanity. this is more than just a bubble.

Most of the time those that do not understand what bitcoin is about are average people that have no experience thinking about the economy, but the people at the top know very well what bitcoin is about, cryptocurrencies are an attack against their interests an if they could they will destroy it but they do not know how to do it because satoshi design was so ingenious that any attempt to try to do so will fail and will only make bitcoin stronger.

So even now they are trying to figure out how to do it but it seems they are realizing that they will not find a way anytime soon which means that they may try to join bitcoin and to try to destroy it from the inside with their influence and money.

Teawhalee

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firstly many people do not really understand what cryptocurrency is all about, all they just do is to just criticize badly and turn a lot of people against it. this kinds of people have influence which is why they can use it without thinking twice sometimes. the cryptocurrency revolution is too strong than what one person or government will make effort to pull down and succeed. everyday there is new development , people are making efforts to create something that will ease living for humanity. this is more than just a bubble.

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This wouldn't be a complete delusion just look at how far it already went.
Look at how much it have survive and how many countries and business have already accepts it .
This wouldn't be a delusion it would walk straight to the future it would be part of the evolution.

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So anyway, I applied as a merit source :)

Quote from: Sebas.tian on March 26, 2019, 10:17:47 AM

It would be hard to reach new ath since there would always be sellers in the market. It would seem that in the price will not increase indefinitely in the future because of this. However, it is undeniable that it is not a delusion since it has actual use case and has potential as a store of value.

There is no delusion there.

Bitcoins are mined and people are using them for transactions. There goes the demand and supply flow. Again people speculating on the price of bitcoin as an asset. That is why the prices fluctuate. That does not mean that the prices are not going to fall ever. They do fall and then go back up again. What people think as fake/scam is what they pronounce as fake too. They do not understand the technology properly and thus make such claims. There is no such use case of bitcoin that we can think of here but what is was built to overcome is happening and although we cannot foresee what will happen in future we can only speculate. Wink

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Quote from: jakelyson on March 26, 2019, 11:29:56 PM

Fluctuating price is not normal and should not be normal. We are just considering it normal because we get to accept it. There will be a time when the price of bitcoin will stabilize but not yet now since price can still be easily manipulated

It largely depends on your point of view

That is, how you look at cryptocurrencies in general. If you see them as a vehicle for speculation (which is a perfectly valid assumption in respect to most altcoins), then fluctuating prices is what you should expect and in fact hope for. Conversely, if you come to think of Bitcoin as a store of value (aka digital gold), then bursts of volatility is definitely not something you would like to see

All that said, the current dynamic of Bitcoin prices shows high tendency toward less volatility, so this time may have already come. For example, we have recently seen a lot of price action in altcoins with trading volumes surging. That typically means speculative capital is flowing from Bitcoin into other cryptocurrencies as there is more potential for speculative action, which is supporting this observation

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Quote from: shesheboy on March 26, 2019, 08:36:12 PM

Quote from: waynechong1995 on March 26, 2019, 08:12:20 PM

but at least it's something technological valuable, unlike tulips which does nothing.

what tulips ? can you name one ? there alot of tulips online but some people also consider crypto as one , just because they see that the value of crypto can rose and drop instantly . they dont know that its only normal .

He means the Tulip mania or Tulip fever. It is a time in history when the price of a bulb when extremely high. You can google it.

Fluctuating price is not normal and should not be normal. We are just considering it normal because we get to accept it. There will be a time when the price of bitcoin will stabilize but not yet now since price can still be easily manipulated.

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Quote from: waynechong1995 on March 26, 2019, 08:12:20 PM

Well it's a risky investment anyway when there's nothing backing up

as what they alway's say " all things in life are risky " and of course that includes crypto investment's . if you want to earn a profit you must willing to face the risk . anyway , crypto is backed by real investors and thier developers . some cryptos are backed by big institutions and companies .

Quote from: waynechong1995 on March 26, 2019, 08:12:20 PM

but at least it's something technological valuable, unlike tulips which does nothing.

what tulips ? can you name one ? there alot of tulips online but some people also consider crypto as one , just because they see that the value of crypto can rose and drop instantly . they dont know that its only normal .

Quote from: waynechong1995 on March 26, 2019, 08:12:20 PM

Many days crypto are delusional cause people are expecting to get easy money but that's the fact nowdays where poverty is high.

its a fact that poverty is high especially on poorer countries ( ex. on 3rd world countries ) but its wrong to see a crypto as a form of easy money . that's the biggest mistake people make that cause them to become more poor .

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Well it's a risky investment anyway when there's nothing backing up, but at least it's something technological valuable, unlike tulips which does nothing. Many days crypto are delusional cause people are expecting to get easy money but that's the fact nowdays where poverty is high. Big players are always above us and having a controlled hope on crypto is worthy at least for me

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Quote from: kelz1 on March 22, 2019, 02:50:23 AM

There is way too much infrastructure for bitcoin to fail. It is becomingna national currency in venezuela and when other economies fail they too will switch to bitcoin as their saviour

That doesn't mean a shit

Technically, this is a logical fallacy and a false assumption like "too big to fail". But even the biggest ones fail sometimes like Lehman Brothers (with definitely more to follow). I remember people claiming that mining costs would be propping up Bitcoin's price somehow. It never happened and in real life miners started to sell out their mining rigs for pennies once mining stopped being profitable

Also, keep in mind there is no government to bail out Bitcoin if things turn from bad to worse for it (just a phrase as Bitcoin is doing perfectly fine now if you ask me). In fact, all governments will be rubbing their hands self-satisfactorily if Bitcoin bites the dust at the end of the day

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Quote from: Sebas.tian on March 26, 2019, 10:17:47 AM

It would be hard to reach new ath since there would always be sellers in the market. It would seem that in the price will not increase indefinitely in the future because of this. However, it is undeniable that it is not a delusion since it has actual use case and has potential as a store of value.

The market at present is stabilizing much more than the days till 2017, upon which this could give a big bullish trend. Though the sell market is found high the level of adoption is increasing which compromise inflow and outflow in the market. Till an user finds a good profiting it will be hard for them to accept bitcoin.

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Bitcoin has a future because the system based on technology whilst the mindset of most people will change slowly where the technology highly affect their minds. For instance in my country, before the online shop is crowded such as now they are very reluctant to use it even assuming that the online shop is scam or a place of fraud. But if I see now, most of them use online shop as easy place for shopping, even as a place that most liked by many people.

This is what will happen to bitcoin in the future and may some people has revoked the babble about bitcoin in the past. Related to the government, actually I have a little confident to them, they may still selfish to accept bitcoin as payment system or as a place for investment and be included into several categories such as commodities or property. Most of government will still look to bitcoin as a currency which they could not accept rashly.

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It would be hard to reach new ath since there would always be sellers in the market. It would seem that in the price will not increase indefinitely in the future because of this. However, it is undeniable that it is not a delusion since it has actual use case and has potential as a store of value.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: Zythiphill on March 21, 2019, 06:45:15 PM

Bitcoin has many times inflated and deflated like a bubble , and I think that the growth in the future will still be , just few people will wait for it , I think when everyone will panic then it's worth buying !

Bitcoin has ironically "died" several times. This is a running gag that people who are idiots will go around saying that it is dead every time its price drops but it even then comes back with bigger price. This is a part of the cycle and there is no absolute end to that cycle, at least for now.

Quote from: kelz1 on March 22, 2019, 02:50:23 AM

There is way too much infrastructure for bitcoin to fail. It is becomingna national currency in venezuela and when other economies fail they too will switch to bitcoin as their saviour

What happened in one country should be the example of other countries but then we also have to consider the financial condition of Venezuela prior to this - it was collapsing and people had to cope with a huge inflation rate. Such conditions do not happen everyday in other countries and may happen in future. Overall if you are taking this news as a bullish hopium dose, do so with a bit of salt. Wink

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Quote from: Sandus_Cryptolover on March 07, 2019, 04:55:19 AM

Couple of years back, some individual who feel they so much understand the financial market claimed Bitcoin to be a bubble as well as a delusion then, currently have a change of opinion. Niall Ferguson is one of such and this is an extract of his recent opinion.

British economic and financial historian Niall Ferguson says that cryptocurrencies will not turn out to have been a complete delusion, as he had once assumed.

https://cointelegraph.com/news/economic-historian-niall-ferguson-crypto-wont-turn-out-to-be-a-complete-delusion

With no doubt, it's becoming very clear to all that the revolution of blockchain and Cryptocurrency at large is unstoppable.

Well we all know that crypto would be staying with us for sure and it have many strong walls now.
The fact that there are now more users and company willing to accept or make crypto is a great news for us.
It just shows that crypto is here to stay and crypto is now going to play a huge part in the future .

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Quote from: kelz1 on March 22, 2019, 02:50:23 AM

There is way too much infrastructure for bitcoin to fail. It is becomingna national currency in venezuela and when other economies fail they too will switch to bitcoin as their saviour

I agree bitcoin has already proved itself well in the market , and I generally doubt that something will happen to it , after all, the cryptocurrency is decentralized, and I do not think that someone will change it !

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