Topic: EXPECTATION Vs. REALITY Bitcoin in the Eyes of the People! - page 9. (Read 19959 times)
But that's not a bad thing. It is not always possible to lure people into cryptocurrency explaining to them the charms of blockchain. People are more attracted to the information that bitcoin helps to get rich. Thus, later they may be interested in the blockchain technology. I think that really smart people will be interested in how it works and they will not just mindlessly invest their money in the unknown.
You are right poster the is never a short cut to success in life and every good success comes through hard work and dedication and so it is also in cryptocurrency you need to think, study and understand the whole concept of crypto before you go into it because most newbies who are without good knowledge on crypto always tend to lose they investment due to they inability to to make the right decision in the cause of the involvement with crypto.
The success of Bitcoin brings good fortune for every people around the world who are using it since when it was started, because they've study a lot the foundation of this coin, from day 1 up to this present day..
people entered the crypto world because of the profits, few people are because of the technology and I do not see much problem in that. About investors, they do basic research to be able to invest, it happens that even knowing the fundamentals of cryptos does not guarantee that the person will be successful. Just see that even bitcoin fell from $ 18000 to $ 6000.
It would really be great if people will prioritize learning what is cryptocurrency and the technology behind it but sadly only a few of us are techies.
so it would be impossible to be used as a means of payments because no one would want to spend hours reading all the fundamentals of bitcoin to later buy bitcoin and go buy pizza.
It would really be great if people will prioritize learning what is cryptocurrency and the technology behind it but sadly only a few of us are techies.
I think this is because cryptocurrency is very technical and has a lot of technical terms that those are not techy will have a hard time understanding the crypto world. It might not also help that because there are way too many resources available, newcomers sometimes are having a hard time choosing what to believe, so instead they just pursue buying and selling bitcoins right away without fully understanding what the crypto world is all about.
It would really be great if people will prioritize learning what is cryptocurrency and the technology behind it but sadly only a few of us are techies.
So most of people who jump in and support cryptocurrency just learnead about its basic and mostly considered their financial input as investment where they can reap in due time. With that only a few devote themselves in understanding what blockchain and its application is and most just look at it as stock where they invest and sell when they think they have enough profit.
Basic knowledge about blockchain is good but it will never bring huge profit unless we specialized on it. Besides day trading brings faster result than application of what we have learned about blockchain and people always wants the shortest possible time for their ROI.
So most of people who jump in and support cryptocurrency just learnead about its basic and mostly considered their financial input as investment where they can reap in due time. With that only a few devote themselves in understanding what blockchain and its application is and most just look at it as stock where they invest and sell when they think they have enough profit.
Basic knowledge about blockchain is good but it will never bring huge profit unless we specialized on it. Besides day trading brings faster result than application of what we have learned about blockchain and people always wants the shortest possible time for their ROI.
There is no shortcut in success!! That powerful word teach me a lot of things in life..
The success of Bitcoin brings good fortune for every people around the world who are using it since when it was started, because they've study a lot the foundation of this coin, from day 1 up to this present day..
Behind the success of all the people who've understand Bitcoin is a contrary with the present situation of every new comers in this so called "Crypto World" because those people who posses the knowledge about cryptocurrency taking advantage of people's ignorance and wrong perspective about cryptocurrency..
Well, I'm not a good writer but I just want you to think, think and think before you enter this world called "CRYPTO."
The success of Bitcoin brings good fortune for every people around the world who are using it since when it was started, because they've study a lot the foundation of this coin, from day 1 up to this present day..
Behind the success of all the people who've understand Bitcoin is a contrary with the present situation of every new comers in this so called "Crypto World" because those people who posses the knowledge about cryptocurrency taking advantage of people's ignorance and wrong perspective about cryptocurrency..
Well, I'm not a good writer but I just want you to think, think and think before you enter this world called "CRYPTO."
Do you think that, perhaps, the mindset of a newcomer also affects their success in crypto? As perfectly shown in the image, it seems there are more people who wanted to jump on the buying and selling right away without learning about this digital currency first. Perhaps, if a newbie has a different mindset and reasoning for wanting to get into cryptocurrency, then perhaps it will make a difference?
Many people are saying the large jump in the price in 2017, should never have happened. The large jump attracted a lot of
short term speculators and that was not a good move for Bitcoin, because these people pulled their capital as soon as the price
started to drop. A lot of innocent "newbies" drowned in the huge wave and they turned their back on Bitcoin.
The true
Bitcoiners acknowledge the power behind this technology and they are holding on.
short term speculators and that was not a good move for Bitcoin, because these people pulled their capital as soon as the price
started to drop. A lot of innocent "newbies" drowned in the huge wave and they turned their back on Bitcoin.
The true Bitcoiners acknowledge the power behind this technology and they are holding on.
There is no shortcut in success!! That powerful word teach me a lot of things in life..
The success of Bitcoin brings good fortune for every people around the world who are using it since when it was started, because they've study a lot the foundation of this coin, from day 1 up to this present day..
Behind the success of all the people who've understand Bitcoin is a contrary with the present situation of every new comers in this so called "Crypto World" because those people who posses the knowledge about cryptocurrency taking advantage of people's ignorance and wrong perspective about cryptocurrency..
Well, I'm not a good writer but I just want you to think, think and think before you enter this world called "CRYPTO."
The success of Bitcoin brings good fortune for every people around the world who are using it since when it was started, because they've study a lot the foundation of this coin, from day 1 up to this present day..
Behind the success of all the people who've understand Bitcoin is a contrary with the present situation of every new comers in this so called "Crypto World" because those people who posses the knowledge about cryptocurrency taking advantage of people's ignorance and wrong perspective about cryptocurrency..
Well, I'm not a good writer but I just want you to think, think and think before you enter this world called "CRYPTO."
because most of them think more to the positive side.
So in my opinion, in the introduction to Crypto, there are people who tend to be positive and there are also negative ones. People who think positively spontaneously will think about how to get as much profit as possible, regardless of the impact of crypto. (here on average are civilians who want to learn to get money from the internet).
Whereas people who think negatively are more (Do not join crypto, it is a bubble, very dangerous). This side mostly come from govt. told you not to join crypto and forbid it in your country as well
Well the market sentiment is mostly bullish right now, even though the market itself says otherwise. People will always maintain an optimistic view of cryptocurrency until they realize they have lost all of their life savings. People should spend more time actually understanding the truth of the situation than mindlessly believing the hype or current trends.
Most newcomers enter into the crypto world with an expectation to get rich overnight. They expect the event of bitcoin reaching new ATH of $20,000 last year again. But it was only due to the launch of bitcoin futures. Reality is that the bitcoin price is even struggling to cross $8,000 range. Expecting a high return is not wrong but, they should invest and wait on a long-term basis to reap their expected benefits.
Aside from the fact that these people flocked here without knowing how to differentiate bitcoin from blockchain and they were like zombies that bought just because they heard that they can profit a good amount. On a contrary, that helped the marketcap mounted to more billion which had drawn more attention to investors and resulting of constant rise.
I always find it funny when some here didn't know what is blockchain and mistakenly brand bitcoin as blockchain, and bitcoin as altcoin.
Most newcomers enter into the crypto world with an expectation to get rich overnight. They expect the event of bitcoin reaching new ATH of $20,000 last year again. But it was only due to the launch of bitcoin futures. Reality is that the bitcoin price is even struggling to cross $8,000 range. Expecting a high return is not wrong but, they should invest and wait on a long-term basis to reap their expected benefits.
The most important lesson is, our expectation failed us, but the good thing is, we learn from our over expectation, the reality shows us and teach us to how to handle this kind of market situation, and you are right that if we want to minimize loses, we need to hold it for long and consider it as a bank "time deposit" when the right time we will reap a good profit from it.
Most newcomers enter into the crypto world with an expectation to get rich overnight. They expect the event of bitcoin reaching new ATH of $20,000 last year again. But it was only due to the launch of bitcoin futures. Reality is that the bitcoin price is even struggling to cross $8,000 range. Expecting a high return is not wrong but, they should invest and wait on a long-term basis to reap their expected benefits.
That is the point of view of the people who only seek profit, and feel thirsty for finance. Bitcoin is likened to gold being mined and sold for profit.
They will not be able to know the actual blockchain, in this case, we will learn to give a little knowledge of the amount of blockchain which has its own function.
That is why many are losing an investment on it because they dont know what blockchain is and how it really going to work, and going to work with it. Lack of idea about it and give big expectation without right working for it which dump the reality. Many are just looking for the profit and not on what really in dip it has about. They will not be able to know the actual blockchain, in this case, we will learn to give a little knowledge of the amount of blockchain which has its own function.
This is the reality indeed. And the main reason for this is that there is more interest in the prices rather than on the product and the features. I myself was also encouraged to buy and buy in the beginning without really understanding the concept and the vision behind the projects of the coins that I bought. However, as soon as they are immersed fully in crypto, they will still learn by and by the technology.
well at some point people started advertising bitcoin as "to the moon", "HODL", and stuff like that and then price went up too fast and too big like it usually does so we ended up with a large number of people who were only interested in making profit (when to buy and when to sell).
i don't think it is necessarily a bad thing. people who started like that can eventually see the real potential of bitcoin as the decentralized currency and see the other side of the coin to.
i don't think it is necessarily a bad thing. people who started like that can eventually see the real potential of bitcoin as the decentralized currency and see the other side of the coin to.
Good points made IMO.
Bitcoins volatility really did attract a lot of "investment" in 2017, so much so
that the frenzy pushed the value up to $20k. A lot of those have cashed out
but there is still big interest in bitcoin from those still in and those looking in
and waiting for their next opportunity.
maybe for the time being btc is still not in demand by ordinary people, maybe because they have not been able to accept new things, or adapt to technology, but if we can continue to show positive things to the community, and start using BTC as a medium of exchange, not for hold as an investment asset, so I think the ordinary people will start to be interested in crypto
The thing is most people came to bitcoin is they want to gain a fast and huge amount of money most of them not knowing the consequences. First when you want to go to some country other than yours off course you would want to know their laws and regulations so that you will not get into trouble when you get there. that was the same with the block-chain you don't want to study about it after you already failed to invest on a right project then you realized that at last, No! you need to study it first before you proceed to the next level which is investing.
So many people know that there isn't a shortcut to success,and they are still searching for that short and easy way to succeed.Success is actually a cumulative effect of many failures.Bitcoin(or the bitcoin community) failed before (MT Gox,hard forks,hacked wallets/exchanges,scammers) but those small failures will eventually build the success of bitcoin.
Many people think that Bitcoin is lucrative investment, yes that is probably right. However, as you said that there is no shortcut or fast way to get success in Bitcoin. All is need much effort and process, people probably wan't do research in process. They mostly just see the result from it.
Therefore, dealing wit Bitcoin is need to learn more about its basic foundations. That is our task today to teach and make new generations of Bitcoin have good understanding about Crypto currency.
Therefore, dealing wit Bitcoin is need to learn more about its basic foundations. That is our task today to teach and make new generations of Bitcoin have good understanding about Crypto currency.
There's no shortcut to success and those who believed bitcoin and bought hundreds - thousands of it and didn't do anything for few years are now one of the richest people. It took time but its about the trust and time that they committed to it with accordance of knowledge with the tech.
People who are into "when lambo?" , "when moon?" seem to start learning the whole process, blockchain technology and its volatility. When I entered this world, I'm not confident but thanks to the generous people of this community who never stop helping and educating newbies like me even until now.
And to those that just get in with the hope of making money, start from the basic and understand the risk and what to avoid.
People who are into "when lambo?" , "when moon?" seem to start learning the whole process, blockchain technology and its volatility. When I entered this world, I'm not confident but thanks to the generous people of this community who never stop helping and educating newbies like me even until now.
And to those that just get in with the hope of making money, start from the basic and understand the risk and what to avoid.
Jump to: