Is bitcoin a failed experiment? - page 2.

garyrowe

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Quote from: FightThePower on February 27, 2020, 01:49:23 AM

Today I'm thinking of selling my BTC even though it would be a big loss right now I've been with BTC a while and used to the volitility but this time I believe it's different

I was a believer in BTC and the future of crypto I believed having 1 or more BTC was a smart thing to do that many would look back in 10 to 20 years wishing they'd bought some when it was still obtainable by the regular Joe.

Now I feel that BTC will trend down hitting sub 1 dollars prices possibly even 0 over the next 12 to 18 months. the current coronavirus outbreak has been BTCs first real test and it failed hard and failed immediately. It's not a store of wealth and its failure to hold value in a economic down turn is spectacular and visible to all. Today I think BTC is a failed experiment. What are your thoughts?

I would like to start by asking you what you understand by the term 'failed project.' And what are your criteria of concluding a project to be a failed one?. Permit me to say that your understanding of Bitcoin to a failed project is totally flawed as Bitcoin grew in price from less than a dollar to almost 20,000 dollars and its currently being traded around 8,900 US dollars. Will you term such a project failed? Again it shocking to see people connect the correction in price of Bitcoin to the coronavirus outbreak when its obvious that this is just the typicalarket correction. As for the possibility of Bitcoin hitting zero, that is clearly not going to happen not after the mass adoption of Bitcoin currently sweeping through countries of the world.

hahay

legendary

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Leading Crypto Sports Betting & Casino Platform

Lol, if bitcoin is an experiment that fails then its growth will not continue and if it is an experiment that fails it will at least die sooner even less than 10 years. You assume like this only because of the corona virus outbreak, in fact if you always associate the corona problem, then at least all the world economies will be destroyed and not just the crypto market, think more broadly and we don't need to only have a view in one direction because even with Corona virus outbreak is at least you can see for yourself how much loss has been experienced in each country.

Stedsm

legendary

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@OP, are you one of those old bear-trolls awakened after a long time, starting to trash down on BTC and start a bearish debate here? No, I'm not saying that BTC didn't crash, it did but it's not just BTC alone. You can go and check out all the international stocks, futures, derivatives and commodity markets and whatnot, and understand that such markets are driven by billions, some even by trillions of dollars where the whole cryptocurrency market is just a small piece of an extremely big cake where throwing BTC out of the views of economic investors is a no-big-deal for bears, but still BTC didn't crash as much as those big markets that were in the game since decades. You cannot come and declare a death of BTC every time you see a crash. Remember where we have recovered from? $3k times? Remember?

verita1

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BTCitcoin was an experiment and is working. We must not go far to realize the reach it has achieved. We are a small percentage in the globe that we have accepted it and we are doing everything possible to make it lead to more people and thus grow a large community.
It is true that volatility collapses us but we must become strong and overcome it.
I protect my Bitcoin using my favorite altcoins to pay my bills.

TheGreatPython

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You’re kind of confused man, you first of all said that you’re already used to the volatility of Bitcoin and then you switched to saying that you’re thinking that Bitcoin is a failed project. If you’re already used to the volatility of Bitcoin then you should know that by now that this is how Bitcoin does.

When the price went from almost $20k down to $3k plus in 2019 you didn’t say anything about Bitcoin being a failed project until now that the price has even managed to get passed that level and reached $10k before this sudden drop to $7k. Some of you are quite funny. You just want the price to be going up steadily and so you can make steady profit, but it’s not like that, there will always be risks.

desertfox470

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Bitcoin, a digital currency which no one could have imagined will exist, might be just an experiment when it began. The prolong existence of this so called experiment is contrary to the statement and belief of the many that Bitcoin is a failure. Being in a poor condition due to a bad economy does not necessarily mean failure. Every entity that exist in this world does affect one another hence, the economy, outbreak of diseases, panic selling and Bitcoin. And foremost, the volatile nature of Bitcoin cannot be the standard of its success or failure for it is highly dependent unto the market flow and it is made that way in the first place.

davinchi

legendary

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A few friends of mine were laughing me last week and told me that google has successfully proved Quantum supremacy and now they can mine all the bitcoins within a few minutes. I was upset and searched around and indeed found that google has achieved such advantages. But, this does not mean that they will actually mine all the bitcoins and just because they have achieved such supremacy that makes bitcoins a failed experiment.

Quote from: FightThePower on February 27, 2020, 01:49:23 AM

I was a believer in BTC and the future of crypto I believed having 1 or more BTC was a smart thing to do that many would look back in 10 to 20 years wishing they'd bought some when it was still obtainable by the regular Joe.

Just sell off the coins and never invest again if you feel so but let me tell you, after at least 3 years from now you will be regretting yourself, that is a promise from me to you!

KrisAlex18

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Quote from: FightThePower on February 27, 2020, 01:49:23 AM

Today I'm thinking of selling my BTC even though it would be a big loss right now I've been with BTC a while and used to the volitility but this time I believe it's different

I was a believer in BTC and the future of crypto I believed having 1 or more BTC was a smart thing to do that many would look back in 10 to 20 years wishing they'd bought some when it was still obtainable by the regular Joe.

Now I feel that BTC will trend down hitting sub 1 dollars prices possibly even 0 over the next 12 to 18 months. the current coronavirus outbreak has been BTCs first real test and it failed hard and failed immediately. It's not a store of wealth and its failure to hold value in a economic down turn is spectacular and visible to all. Today I think BTC is a failed experiment. What are your thoughts?

You really look like a beginner based on what you are saying on this. If you think that bitcoin is a failed experiment if its price goes down then you are a typical beginner in this platform, you know that the bitcoin is volatile, so it means that it changes its price day by day so why you think that it is a failed experiment? It would help if you understood why bitcoin becomes volatile for you to convince yourself to trust bitcoin, there are so many users and person who is earning bitcoin in different websites, there are so many countries that already accept the cryptocurrency in their land because they believe that it would help their economy to become more reliable and powerful. Bitcoin's volatility makes it so good at investing and trading which we can earn money for sure if we have knowledge about that.

Do not think that bitcoin is a failed experiment because a lot of people benefited from it.

Janation

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Quote from: bitcoinvirtualcards on February 29, 2020, 07:08:35 PM

No, bitcoin is not a failed experiment. We are just getting started and it's early in all this. You can do what you want but I wouldn't sell.

This is too late.

I could say that in the past, but right right now, nah. I also heard in the past that there are those developers looking at other altcoin's technologies that they might apply at Bitcoin. Right now, with a lot of supporters in the community, I don't think should also say that it is still starting. We are in the mid game now, legalization, more developments and other stuffs are more focused.

absy

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Quote from: FightThePower on February 27, 2020, 01:49:23 AM

Today I'm thinking of selling my BTC even though it would be a big loss right now I've been with BTC a while and used to the volitility but this time I believe it's different

I was a believer in BTC and the future of crypto I believed having 1 or more BTC was a smart thing to do that many would look back in 10 to 20 years wishing they'd bought some when it was still obtainable by the regular Joe.

Now I feel that BTC will trend down hitting sub 1 dollars prices possibly even 0 over the next 12 to 18 months. the current coronavirus outbreak has been BTCs first real test and it failed hard and failed immediately. It's not a store of wealth and its failure to hold value in a economic down turn is spectacular and visible to all. Today I think BTC is a failed experiment. What are your thoughts?

Sub 1 dollars prices? That's something which I cannot even imagine happening unless all the countries decide to ban it . There are obvious potential in it and the users backing it are in millions and it will just grow in future . It might be a hard time now for cryptos due to above mentioned virus but it isn't permanent , all fiat currencies are suffering too . In conclusion I can say without doubt that it is a revolution in economics and not a failed project at all.

Mttewndew

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Quote from: Wind_FURY on March 06, 2020, 01:22:34 AM

How did this topic, which was started probably by a troll, reached 6 pages very quickly? Hahaha. Reported it to a mod, this should be locked in my opinion.

What if the author of the topic is sincere? The fact that he does not think like everyone else does not mean that he is necessarily a troll

Nonetheless, I would not be so pessimistic as an author. Still, there is not a single really valid argument in favor of the fact that BTS is waiting for a fatal rate drop.

CHENIEN

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Previously the mentor of bitcoin has a potential to handle in some unexpected turns or draw of fail and particularly we can't predict their own hidden moves which is providing by the developer who's conserve their technology and improving its privacy towards in line of profitable sources. and i respectfully believe that if you consider bitcoin as an experiment i think it can fail,one you should keep in mind that BITCOIN process is just a wheel balance with spinning cycle,may go down at present but will increase incessantly.

Sometimes we do not give in to the consequences of our failures in the dream of making a big profit.
in other conversation. you have to make your own experiment process to detect the timing investment process of BTC to prevent loss.

Wind_FURY

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How did this topic, which was started probably by a troll, reached 6 pages very quickly? Hahaha. Reported it to a mod, this should be locked in my opinion.

Mahanton

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Quote from: smyslov on March 05, 2020, 12:03:29 PM

Quote from: FightThePower on February 27, 2020, 01:49:23 AM

Today I'm thinking of selling my BTC even though it would be a big loss right now I've been with BTC a while and used to the volitility but this time I believe it's different

I was a believer in BTC and the future of crypto I believed having 1 or more BTC was a smart thing to do that many would look back in 10 to 20 years wishing they'd bought some when it was still obtainable by the regular Joe.

Now I feel that BTC will trend down hitting sub 1 dollars prices possibly even 0 over the next 12 to 18 months. the current coronavirus outbreak has been BTCs first real test and it failed hard and failed immediately. It's not a store of wealth and its failure to hold value in a economic down turn is spectacular and visible to all. Today I think BTC is a failed experiment. What are your thoughts?

We have no problem with unbelievers like you, sell your Bitcoin and you can also leave the forum, but be sure not to look in the market after the end of this year, you will be shocked to find out that Bitcoin overcome this scenario, it has overcome the worst scenario in the past,
or you have not yet read how Bitcoin died hundreds of times before better check it here
https://99bitcoins.com/bitcoin-obituaries/

Better to ignore these kind of people who do tell things negatively towards bitcoin without even realizing on what they are saying like failed experiment, outdated,ponzi and other lot of similar things that they can thrown on.

Bitcoin had already proven out the test of time and as mentioned it died a hundred times already and until now we have seen on how this coin being heavily supported by the crypto community.

Its true that it might be that old but still capable and still remains the king of crypto.

carriebee

sr. member

Activity: 1148

Merit: 251

If you really aware about bitcoin performance you will understand the risks in crypto. It's not failed experiment as what's been said do not invest on what you cannot afford to lose. We already use to see the volatility in bitcoin and the price has been in down and up trend and better not to panic sell since it may recover again.

smyslov

sr. member

Activity: 2030

Merit: 269

Quote from: FightThePower on February 27, 2020, 01:49:23 AM

Today I'm thinking of selling my BTC even though it would be a big loss right now I've been with BTC a while and used to the volitility but this time I believe it's different

I was a believer in BTC and the future of crypto I believed having 1 or more BTC was a smart thing to do that many would look back in 10 to 20 years wishing they'd bought some when it was still obtainable by the regular Joe.

Now I feel that BTC will trend down hitting sub 1 dollars prices possibly even 0 over the next 12 to 18 months. the current coronavirus outbreak has been BTCs first real test and it failed hard and failed immediately. It's not a store of wealth and its failure to hold value in a economic down turn is spectacular and visible to all. Today I think BTC is a failed experiment. What are your thoughts?

We have no problem with unbelievers like you, sell your Bitcoin and you can also leave the forum, but be sure not to look in the market after the end of this year, you will be shocked to find out that Bitcoin overcome this scenario, it has overcome the worst scenario in the past,
or you have not yet read how Bitcoin died hundreds of times before better check it here
https://99bitcoins.com/bitcoin-obituaries/

scuj_cero

newbie

Activity: 25

Merit: 1

When we talk about money, payments or investments - bitcoin is great, technology - it's superb, but when we focus on Bitcoin manifest, we'll see that things didn't go as planned. It supposed to be a revolutionary thing for our society, but it turns out to more and more people to be just a way to earn more money and it's not all about money. Hope that Bitcoin and other cryptocurrencies will become a strong bridge for a better society.

sana54210

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I don’t know why all these newbies are fond of whining unnecessarily Embarrassed

. So, let’s assume that Bitcoin kept going up and reached a high $1 million dollars you will be happy I guess and you will come here to tell us how much you believe in Bitcoin, but now it’s falling and you no longer believe in it? You must be kidding.

Maybe you’re one of those that were told that Bitcoin is another money making machine and you ended up stashing everything in Bitcoin hoping to get rich real quick. Sorry man it doesn’t work that way and moreover Bitcoin is not the only asset that dropped in price during this time of Coronavirus outbreak, lots of assets in the world dropped and lost money, so what do you have to say about those, since all assets and stocks are mainly seen as safe haven?

Ailmand

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Have you been here when BTC started? I guess you have been to crypto during or even before the last bull market, or you are one of the investors of crypto who had put their fate into crypto. How can you say you are used to it's volatility if you cannot see how far had bitcoin went compared to when it started. How many price correction have you experienced and how many times have you seen bitcoin price pumped and dumped?

Daniel91

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Quote from: betty11 on March 04, 2020, 09:31:10 AM

Your thought and submission about bitcoin are totally wrong. It seems you have not been religiously following the movement of bitcoin, otherwise you wouldn't say bitcoin is sliding to $1 or 0 value, the value has severally gone down as low as $3,800 last year march and this came back bigger and better than the ATL. Bitcoin remains the best investment as we speak as compared with other commodities.

Well, btc is the best investment for the people who joined at least 3-4 years ago and they could make very nice profit.
Others still waiting to see some concrete profit and I understand that sometimes is difficult to see "big picture " and be patient.
We wants everything now and don't want to wait but it's not realistic to expect to get rich overnight and see your earnings right away.
Btc have great potential, and people who can wait and have faith will receive reward.

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