Imagine Crypto and Bitcoin Currency Risks in early 2018 - page 2.

Oceat

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Quote from: dodgrad on January 06, 2019, 04:06:37 AM

Quote from: cokroalif on January 04, 2019, 08:07:04 AM

The fear of falling prices for Bitcoin and other crypto currencies is suddenly still hotly discussed. Is it true that the future of digital money is getting worse in 2019?

Bitcoin is not only a trading, investment or speculation, it is primarily a form of payment. Bitcoin is developed by the community and supporters. The more people is interested and use Bitcoin, the better its position on the financial market. It is true that the price of Bitcoin fell sharply in 2018, but the community has grown even more, which means that the position of Bitcoin is actually better and I am sure that in 2019 it will be even stronger!

This is what you called the benefits of the technology and a profit, by more adoption of crypto-currency it is going to become better in the near future. And if we are talking about of the future of this digital currency, I'm quite sure no one would guess or know what would be the outcome in the near future.

All that matters is what we do today will affect the future someday.

fiomcorka

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Quote from: upsidedown75 on January 06, 2019, 08:41:40 AM

Quote from: BitHodler on January 05, 2019, 09:49:08 PM

Quote from: clrpod on January 05, 2019, 11:09:12 AM

True adoption is increasing (forget the bandwagoning that happened in 2017).

Mind explaining what 'true' adoption looks like? The only form of adoption I have seen is how people consider crypto to be a money making machine, and that won't change--more than likely will become worse.

+90% of the people are here to make money, that's the hard reality. None of the exchanges feel the need to make people aware of why crypto has value in the first place. They only want to stimulate you to buy shit you don't need.

Exchanges are the entry points for people. If it goes wrong there, it's likely to go wrong everywhere.

Why do I need to buy bitcoin for using as money when I will be having enough payment processors for my online requirements. People will definitely buy bitcoin only when they are believing that there are plenty chances of making more profits in near future by investing with bitcoin right now. If there will be no possibility of multiplying your money through bitcoin, I'm afraid bitcoin must be valuing right now still under $1.

Yes, it will be hard to explain and convince people the basics of decentralization and advantage of having such a new money system. People are buying bitcoins with the aim of making good returns and then realizing the benefit of having such a financial system. Common people must need some easy entry points after that they start adopting it more due to its obvious benefits.

I have discussed this the many times that why we are having high value for bitcoin and why Mr Satoshi has designed bitcoin in such a way it will be having huge value over the time.

Just to attract new people to adopt bitcoin for their own reasons.

clrpod

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Quote from: upsidedown75 on January 06, 2019, 08:41:40 AM

Quote from: BitHodler on January 05, 2019, 09:49:08 PM

Quote from: clrpod on January 05, 2019, 11:09:12 AM

True adoption is increasing (forget the bandwagoning that happened in 2017).

Mind explaining what 'true' adoption looks like? The only form of adoption I have seen is how people consider crypto to be a money making machine, and that won't change--more than likely will become worse.

+90% of the people are here to make money, that's the hard reality. None of the exchanges feel the need to make people aware of why crypto has value in the first place. They only want to stimulate you to buy shit you don't need.

Exchanges are the entry points for people. If it goes wrong there, it's likely to go wrong everywhere.

Why do I need to buy bitcoin for using as money when I will be having enough payment processors for my online requirements. People will definitely buy bitcoin only when they are believing that there are plenty chances of making more profits in near future by investing with bitcoin right now. If there will be no possibility of multiplying your money through bitcoin, I'm afraid bitcoin must be valuing right now still under $1.

Yes, it will be hard to explain and convince people the basics of decentralization and advantage of having such a new money system. People are buying bitcoins with the aim of making good returns and then realizing the benefit of having such a financial system. Common people must need some easy entry points after that they start adopting it more due to its obvious benefits.

I consider true adoption to be people being able to and choosing to spend bitcoin in place of fiat. Of course it's hard to fully measure that but there are always news stories of new places that are accepting bitcoin payments. You're right in saying most people are here to grow their fiat value but that cannot be the entirety of the community or bitcoin would have no utility and would end up being nothing more than a ponzi scheme.

upsidedown75

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Quote from: BitHodler on January 05, 2019, 09:49:08 PM

Quote from: clrpod on January 05, 2019, 11:09:12 AM

True adoption is increasing (forget the bandwagoning that happened in 2017).

Mind explaining what 'true' adoption looks like? The only form of adoption I have seen is how people consider crypto to be a money making machine, and that won't change--more than likely will become worse.

+90% of the people are here to make money, that's the hard reality. None of the exchanges feel the need to make people aware of why crypto has value in the first place. They only want to stimulate you to buy shit you don't need.

Exchanges are the entry points for people. If it goes wrong there, it's likely to go wrong everywhere.

Why do I need to buy bitcoin for using as money when I will be having enough payment processors for my online requirements. People will definitely buy bitcoin only when they are believing that there are plenty chances of making more profits in near future by investing with bitcoin right now. If there will be no possibility of multiplying your money through bitcoin, I'm afraid bitcoin must be valuing right now still under $1.

Yes, it will be hard to explain and convince people the basics of decentralization and advantage of having such a new money system. People are buying bitcoins with the aim of making good returns and then realizing the benefit of having such a financial system. Common people must need some easy entry points after that they start adopting it more due to its obvious benefits.

dodgrad

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Quote from: cokroalif on January 04, 2019, 08:07:04 AM

The fear of falling prices for Bitcoin and other crypto currencies is suddenly still hotly discussed. Is it true that the future of digital money is getting worse in 2019?

Bitcoin is not only a trading, investment or speculation, it is primarily a form of payment. Bitcoin is developed by the community and supporters. The more people is interested and use Bitcoin, the better its position on the financial market. It is true that the price of Bitcoin fell sharply in 2018, but the community has grown even more, which means that the position of Bitcoin is actually better and I am sure that in 2019 it will be even stronger!

wuvdoll

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Quote from: BitHodler on January 05, 2019, 09:49:08 PM

The only form of adoption I have seen is how people consider crypto to be a money making machine, and that won't change--more than likely will become worse.

+90% of the people are here to make money, that's the hard reality. None of the exchanges feel the need to make people aware of why crypto has value in the first place. They only want to stimulate you to buy shit you don't need.

Exchanges are the entry points for people. If it goes wrong there, it's likely to go wrong everywhere.

Adoption of bitcoin can be done for any reason and there will be no compulsory (nor any theory) it should be for making use of bitcoin only as money. True adoption sounds like people will be continuously "using" bitcoin and NOT they will buy and sell and then forget it completely.

For example, you may adopt bitcoin for paying your VPS hosting or to hoard in cold storage with the target of $1 million price levels. When you are continuously paying your VPS with bitcoin then you have become a true adopter of bitcoin and all the long term holders are obvious true adopters.

The right usage of bitcoin for percent time must be using it as a money making machine. Only after, it will be having considerably stable prices, it may turn into be used as money. I wonder how many people are understanding this facts about bitcoin adoption while entering.

BitHodler

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Quote from: clrpod on January 05, 2019, 11:09:12 AM

True adoption is increasing (forget the bandwagoning that happened in 2017).

Mind explaining what 'true' adoption looks like? The only form of adoption I have seen is how people consider crypto to be a money making machine, and that won't change--more than likely will become worse.

+90% of the people are here to make money, that's the hard reality. None of the exchanges feel the need to make people aware of why crypto has value in the first place. They only want to stimulate you to buy shit you don't need.

Exchanges are the entry points for people. If it goes wrong there, it's likely to go wrong everywhere.

figmentofmyass

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Quote from: buwaytress on January 05, 2019, 05:56:40 AM

Still hotly discussed? When has it gone cold in the past 3 years? Or even since it was globally traded and used? Show me just 1 sign why anyone interested in Bitcoin should be worried about its future. As pointed out above, we see adoption and use continuing in upward trends. Technological progress has even scaled up. Ok we have a temporary drop in hashrate and therefore, security but the long term upwarda trajectory is maintained.

i'm really glad the recent hashrate uptrend finally broke. it was completely diverging from the price throughout 2018, rising 4x while the price continually grinded downwards. that suggested the bubble in mining speculation still hadn't burst, even long after bitcoin's price bubble had.

Adriano2010

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You wrote 2018 in title, but i think this is just an error. Yes for some investors i think is hard now to invest now if they bought at high 19,000$+ for 1 bitcoin, but if i'd be in that situation i will assume a risk and i will buy let say 10 bitcoin and hold at least until next bull run.

1Referee

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Quote from: buwaytress on January 05, 2019, 05:56:40 AM

The only thing that makes people worry is price. But even that is on an upward trajectory. Look at all time highs. All time lows. What do their numbers tell you?

Nothing I'm afraid, because if they did before buying into the hype, they would have waited on the side for the price to fall down to enter.

In the same way, all the idiots calling themselves experts made the same mistake, so it's not that newbies are the only ones to blame for doing the wrong thing. Newbies, ok, that's pretty understandable if they burn themselves in the very beginning, because we have all been there at one point, but the very fact that people who know something about traditional markets and their cycles have done the same, is ridiculous, heck, retarded.

Fomo affects everyone, because the euphoria that flows through the market turns even the most conservative investors into yolo gamblers. No one wants to miss out. The feeling that you could have invested but didn't is killing, just like how some people right now think about how they could have sold last year but didn't.

Febo

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Quote from: cokroalif on January 04, 2019, 08:07:04 AM

The fear of falling prices for Bitcoin and other crypto currencies is suddenly still hotly discussed. Is it true that the future of digital money is getting worse in 2019?

Future of digital money was no year worse then a year before. So it is also not in 2019. This year we will see results of 2017. But general mood about Bitcoin will be gloomy. Remember, Bitcoin was one of least profitable assets of 2018. And that argument cant be changed for a whole year.

Baofeng

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Quote from: cokroalif on January 04, 2019, 08:07:04 AM

The fear of falling prices for Bitcoin and other crypto currencies is suddenly still hotly discussed. Is it true that the future of digital money is getting worse in 2019?

If there's no future then crypto should be dead by now. But as you can see, bitcoin survived its 10 years and we have reach at least $19K during that time. So the future still looks like for crypto in general, might be some hiccups along the way but definitely a lot of leg room to grow in the next 10 years or so. Also remember that this is a free market, anyone can enter and exit as he/she pleases so there's a continuity.

Dikarama7

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The crypto market is growing high in 2017 but in 2018 it experienced a downturn and almost touched the ground. In 2019 I don't think it will be worse than 2018 but by 2019 it will be a year of recovery for crypto.

StarofBTC

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Quote from: cokroalif on January 04, 2019, 08:07:04 AM

The fear of falling prices for Bitcoin and other crypto currencies is suddenly still hotly discussed. Is it true that the future of digital money is getting worse in 2019?

I have seen couple of topics like this that stated "is it true that..." and continued to ask if what is "said" is true and all that.

Well, in order to even take you seriously don't you think it would be really good if you provided with a source ? For example here you said "is it true that the future of digital money is getting worse in 2019 ?", well who said that ? Did you ? If you said that than you should answer your own question first. If you didn't than who said that ?

I mean I have seen plenty of amazing news for 2019 starting with BAKKT and moving with SEC and tapping off with NASDAQ possibly. So, who says that 2019 will be getting worse ? Could it be ? Sure why not but the way the question was asked is making it like it is common thought that 2019 will be a bad year and everyone feels that way which is definitely not true at all.

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Quote from: aris av on January 05, 2019, 11:05:39 AM

I think cryptocurrency will grow more this year, and I don't think we need to be traumatized by crypto market conditions in 2018, because crypto will be able to return to recovering its value.

Someone who invested everything in 2017-2018 because he read here and now that BTC is the best investment is surely "traumatized".
I would like to see you telling him "you lost 80%, yeah, and you perhaps can't feed your family anymore" but don't be traumatized"
Recovering its value? How are you so sure, you're just betting. People should stop to mix the BTC value with its adoption because it's not how things work.

clrpod

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Quote from: cokroalif on January 04, 2019, 08:07:04 AM

The fear of falling prices for Bitcoin and other crypto currencies is suddenly still hotly discussed. Is it true that the future of digital money is getting worse in 2019?

There's little to suggest that the future for bitcoin or crypto is getting any worse. True adoption is increasing (forget the bandwagoning that happened in 2017). Price wise there's little room to fall from here so 2019 will likely be a big improvement on 2018.

aris av

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I think cryptocurrency will grow more this year, and I don't think we need to be traumatized by crypto market conditions in 2018, because crypto will be able to return to recovering its value.

buwaytress

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Still hotly discussed? When has it gone cold in the past 3 years? Or even since it was globally traded and used? Show me just 1 sign why anyone interested in Bitcoin should be worried about its future. As pointed out above, we see adoption and use continuing in upward trends. Technological progress has even scaled up. Ok we have a temporary drop in hashrate and therefore, security but the long term upwarda trajectory is maintained.

The only thing that makes people worry is price. But even that is on an upward trajectory. Look at all time highs. All time lows. What do their numbers tell you?

passwordnow

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The year's just starting and you have been assuming it that its going to "worse". This isn't different with those predictions that are too high for everyone and what do you mean by worse? Price will go to $1 or there will be no adoption or worse there will be no more people that will use bitcoin and crypto's? Bitcoin proved to be strong even though it went through a correction for 2018. It's resistance shows on how much strength it has.

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the fear has always existed among newbies and it has always been a hot topic of discussion. it is nothing new that you are seeing a heated discussion about it among them. the rest of us don't share that irrational fear about bitcoin price drops. there is always a risk/reward ratio when it comes to everything including bitcoin and at this point the reward is a lot higher than the risk because of the fact that bitcoin price is currently in a big dip and is the result of a huge decline in price (about 80%) and that is a good buy signal for many investors and a little more drop is not going to change this fact.

Topic: Imagine Crypto and Bitcoin Currency Risks in early 2018 - page 2. (Read 603 times)