I think that it also depends from the people and the current situation of the market. However, most of the people that invests on bitcoin at the moment is just looking for cash purposes, so in my opinion, it varies from a lot of other stuff in here
Topic: Do you think we don't get quality Bitcoin users anymore? - page 7. (Read 2187 times)
This happens with almost all the communities. As the user base increases the quality of the community starts deteriorating. But without increasing users the project or coin is not going to succeed. That is a sacrifice we will have to make if we want to see Bitcoin succeed and be accepted everywhere worldwide.
I think the use of Bitcoin will not be as beneficial as it is because the price of Bitcoin has gone down. But I also think this bitcoin can bring many financial changes in the lives of people, in the meantime many people benefited from this bitcoin.
Everybody would simply improve the situation their own particular techniques to win benefits from the bitcoin. Numerous new clients in the bitcoin world have not any more comprehension of cryptocurrency. I'm certain a few people are extremely intrigued by the mechanics and how to procure a benefit is a by the utilization of the advanced cash as an item. To be the quality bitcoin clients, we require a specialist client to secure the information about every one of the upsides of having the bitcoin.
In every negative news you can find a share of the positive. It is possible that many newcomers come to the crypto currency market, who know nothing about the crypto currency, but when they enter the crypto-currency industry they will learn everything very quickly and probably will be those people who will promote the crypto currency.
I think there are still quality bitcoin users don't know yet about Bitcoin.
Just because they don't have informations and the trust source to trust Bitcoin as a good one to earn money.
I agreed with you, just because we didn't see them doesn't mean they aren't exist right ? Just because they don't have informations and the trust source to trust Bitcoin as a good one to earn money.
I think there are still quality bitcoin users don't know yet about Bitcoin.
Just because they don't have informations and the trust source to trust Bitcoin as a good one to earn money.
Just because they don't have informations and the trust source to trust Bitcoin as a good one to earn money.
Maybe I'm wrong but I have the feeling that with Bitcoin price growth we have got a lot of new users who are not honesty and passionate interested in Bitcoin but only in fast, instant profit and if they don't get it they got disappointed and give up. Some of them don't even bother to get some basic knowledge about Bitcoin and cryptocurrencies in general. That is also the reason why we see so much panic selling when the price dumps. Is that only my feeling or do you think that also?
It is estimated that there are around 100 million people who use Bitcoin now... That is a huge increase from the figure of around 10 million which we had in 2016 end. So obviously a huge majority of the Bitcoin users now are noobs...
a high bitcoin price last year that attracted many people to bitcoin, and many people are only interested in buying bitcoins to make a profit, so it's only natural that many people panic when bitcoin prices go down like now.
You have said everything. There is an excessive number of powerless hands now in bitcoin speculation and they are the significant issue as in they respond inadequately to any sort of FUD without checking the source and make freeze deal the choice. They joined bitcoin just for the prompt monetary benefit and get disappointed once this isn't coming as arranged.
Yeah, I agree with you that the longer bitcoin users and players are not qualified. They are very lazy to read and think. They just want big profits in quick time without knowing what is really going on in the market. They certainly do not implement a clear strategy so bitcoin prices continue to decline like this. They ignore the knowledge of the crypto currency so they just walk carelessly. Of course that's what makes them experience panic as well that leads to "panic sell" and "panic buy" and finally the market price is declining.
probably because they didn't delve into mining yet. give them time when they had the chance to mine at least one altcoin and they can be that technical in the details. one doesn't understand what information is inside a hash unless they truly will check whether why is there the need to wait before a transaction is confirmed. when that happen you'll see these guys will find out about blocktime and even the nonce.
I also think as you think. Indeed the longer, many bitcoin users are less qualified. This happens because most bitcoin users just pursue ambition. They justify any means to get big and fast profits through bitcoin. They do not have a strong mentality and a clear principle. Of course they just run a bitcoin business carelessly without a clear strategy and risk management. Of course, this is what makes the bitcoin price is getting down because the day bitcoin lost the trust of the community.
Due to the last bull when the prices hit points that no one thought they would hit, there were a lot of people who came into the market thinking that they can get rich quick from it, so it is true that we are no longer getting quality investors in bitcoin, rather, just people who are trying to get rich quick. These are the kinds of people who mostly fall for the scams.
Maybe I'm wrong but I have the feeling that with Bitcoin price growth we have got a lot of new users who are not honesty and passionate interested in Bitcoin but only in fast, instant profit and if they don't get it they got disappointed and give up. Some of them don't even bother to get some basic knowledge about Bitcoin and cryptocurrencies in general. That is also the reason why we see so much panic selling when the price dumps. Is that only my feeling or do you think that also?
Right said. Because of Bitcoin popularity, a lots of people come to use Bitcoin. But they don't have proper knowledge about Bitcoin. They come on cryptocurrency by knowing other. But they don't study about Bitcoin and cryptocurrency. That's why we face the problem.
Maybe I'm wrong but I have the feeling that with Bitcoin price growth we have got a lot of new users who are not honesty and passionate interested in Bitcoin but only in fast, instant profit and if they don't get it they got disappointed and give up. Some of them don't even bother to get some basic knowledge about Bitcoin and cryptocurrencies in general. That is also the reason why we see so much panic selling when the price dumps. Is that only my feeling or do you think that also?
You're pretty much right. I agree with what you said above.
I agree with you up to a point. Early adopters had deep knowledge on bitcoin whereas nowadays many people get into it because of the price highs.
However, I don’t think it is that bad. If you only have quality users you are not going to have massive adoption, and the other way around but there are some users that get attracted to bitcoin for the price that, as soon as they get into it, they become interested in blockchain technology and other aspects so they educate themselves and improve their “quality” as users.
Totally agreeing to your point that some of the young investors research more and get into the blockchain market and improve their knowledge to become a quality user but this kind of people are very rare in today’s scenario , almost every newbie gets into bitcoin because of its volatile rate and the aspects of making a quick profit from it no one really sees the greater depth in the field of bitcoin or the blockchain market. However, I don’t think it is that bad. If you only have quality users you are not going to have massive adoption, and the other way around but there are some users that get attracted to bitcoin for the price that, as soon as they get into it, they become interested in blockchain technology and other aspects so they educate themselves and improve their “quality” as users.
Now, by all parameters, we see a great decline in people's interest in crypto-currency, the HYIP has gone right after the beginning of the fall, people are afraid to enter this market after such a picture, but I will say one thing, as soon as the trend changes and growth continues, we will have even more interest, than we have seen before ...
There are a lot of opportunities, but not all of us are contemplating now. We are waiting for a free cheese, which nobody simply distributes. Therefore, you need to work and invest. Only this will be the result.
yes, you are right, and that is the reality now, spirit and interest in bitcoin but not having knowledge of the crypto world is a big accident. one of the things that affected bitcoin prices dropped yesterday is that many new members, and do not know the bitcoin, so the bitcoin price will still go down if there are still many sellers who panic. it is actually those participants that has little or no knowledge about bitcoin that create so much panic in the system but I think we still have some quality users of bitcoin.
Bitcoin is now popular with everyone and day by day usage and price increases. Exposure Bitcoin is now getting on a daily basis. Many are asking new and new questions. If we have any problem, they will solve it. They will give us new information, which will help us to move forward. It is now more noticeable that we have many more people who are new.
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