Topic: People Overthink Potential of Bitcoin - page 2. (Read 943 times)
They make an overreaction with the bitcoin we saw the potential of this coin to make a profit but also a loss so better to make some risk while investing on it. Now once they saw already the bitcoin peoples thinks on their mind it can be used all over its potential which is possible right again the market of the bitcoin is volatile if they over commit mostly there's a chance they will suffer from financial better to keep themselves literate first before doing many ideas.
a lot of news that seems to be exaggerated so this makes a lot of people tempted by the results that will be obtained later. what's even sadder is that they don't learn to understand their performance, so not a few of them experience disappointment because of their own excessive expectations
If they can not filter the news and only accept it, they can panic with that and can not even think about what they will do. The more they follow the news without research, the more they will regret it because doing something wrong that is not necessary.They must research before they decide so they can avoid the bad thing that may happen. We do not have to think much about people who overthink the potential of bitcoin because they will not want to learn more about bitcoin and only underestimated bitcoin.
Just a tool that can change the monetary aspects by taking control from central chain of authorities and decentralising the power to the each and everyone who holds it.This is like you are the real owner of your funds but i agree on the fact that there will be still lot of world problems left aside which needs to be tackled in many other ways and btc can't do it.So this is simple and we need to understand it.
I think that people in general tend to overestimate and underestimate various events, phenomena, and so on. The fact is that a wide audience has no understanding of either how it works or what it is in principle today. I think only "professionals" can more objectively assess the existing configuration of the blockchain infrastructure operating in this network. Therefore, education is needed so that this problem does not exist in the future.
This is very simple logic. Those who like bitcoin overthinks the potential of bitcoin and those who do not like the bitcoin underestimate the potential of bitcoin. It is not about knowledge or education. People have thier own views and it is difficult to change everyone's point of view.
On my personal point of view, i believe that current prices of bitcoins are very much lower as bitcoin has a big potential and it may contiune to make new all time highs very soon.
Bitcoin will free us from government, so everything it's base on your perspective and assumptions, from my own theory of understanding cryptocurrency, i may said that Bitcoin specially have eradicated poverty since it's existence, if you have invested in cryptocurrency and and adventure into profit before, you will understand that Bitcoin is really elevation.
Bitcoin only changes the fate of a person (or several) for the better based on luck, one cannot rely entirely on hope that getting involved with bitcoin will have the same results. Bitcoin is not equipped with a structured mechanism to eradicate poverty. On the other hand, the government has always said that this is too much risk.
Bitcoin will never free us from governments, or even help alleviate poverty anywhere.
Bitcoin will free us from government, so everything it's base on your perspective and assumptions, from my own theory of understanding cryptocurrency, i may said that Bitcoin specially have eradicated poverty since it's existence, if you have invested in cryptocurrency and and adventure into profit before, you will understand that Bitcoin is really elevation.
I agree that I read a lot of stuff on here that actually makes me cringe. People thinking that Bitcoin will solve all of the worlds problems is simply just not the case. Maybe the most annoying one for me is people thinking that bitcoin replaces or will replace the financial industry, which is just simply not even remotely going to ever be the case.
That's how humans are, they are too hallucinating and always exaggerate, even though we all know that bitcoin will never be able to replace the role of the government, let alone replace the role of the government, just replacing currency is very difficult, if we deal with the government, we will definitely lose, the presence of bitcoin makes our lives better, and makes our economy a little bit better, but we have to admit that we can never replace the government, that's my personal opinion.. 
I think that people in general tend to overestimate and underestimate various events, phenomena, and so on. The fact is that a wide audience has no understanding of either how it works or what it is in principle today. I think only "professionals" can more objectively assess the existing configuration of the blockchain infrastructure operating in this network. Therefore, education is needed so that this problem does not exist in the future.
maybe in the past it is how people think but nowadays after bitcoin reached this milestone?i dont think this is still overthinking ..instead that is what we called belief and expectation .
i know it is hard for newbie but for most of us? we are here to support and profit so we must know our capacity and our dedication.
People Overthink Potential of Bitcoin
This may be due to various media and predictions about Bitcoin, especially influencers and influential people who say so. So many people have high expectations of Bitcoin. However, at this moment it was not fulfilled, they would be sorely disappointed.I think that people in general tend to overestimate and underestimate various events, phenomena, and so on.
Yes, they are actually normal, moreover we know that from the beginning of BItcoin, many people have underestimated Bitcoin. But now after knowing the progress of Bitcoin, they are overestimating. It relates tot he nature of human itself. 
I think that people in general tend to overestimate and underestimate various events, phenomena, and so on. The fact is that a wide audience has no understanding of either how it works or what it is in principle today. I think only "professionals" can more objectively assess the existing configuration of the blockchain infrastructure operating in this network. Therefore, education is needed so that this problem does not exist in the future.
Well, I think Bitcoin, to an extent, gives us freedom from the control of the government. Just that some people tend to misunderstand it and then they start feeling that Bitcoin kind of makes them free in every aspect of their life.
Bitcoin only gives us that freedom when it comes to the monetary aspect of things, at least we are free to make transactions to anywhere around the world without the government restricting us, and we are also free to keep our money and be in control of it without having any challenges or any form of restrictions that is coming from the government, as long as our money is in our cryptocurrency wallet. So, to an extent Bitcoin kind of create freedom for us as people.
Bitcoin only gives us that freedom when it comes to the monetary aspect of things, at least we are free to make transactions to anywhere around the world without the government restricting us, and we are also free to keep our money and be in control of it without having any challenges or any form of restrictions that is coming from the government, as long as our money is in our cryptocurrency wallet. So, to an extent Bitcoin kind of create freedom for us as people.
The people aren't overthinking Bitcoin's potential.They are overestimating it(at least some of the Bitcoin maximalists). Overthinking and overestimation are two completely different things.
Bitcoin is NOT a magical tool,that will solve all global problems.Bitcoin cannot replace any government or any big corporation.Bitcoin can be used only as a replacement of fiat currencies.
The questions about leadership have nothing to do with Bitcoin,because Bitcoin/blockchain can exist without leaders and there's no need of leadership in a fully decentralized environment,such as the blockchain.
As simple as that, bitcoin is money, can money be an incredible powerful tool? Of course it can, can money resolve every single issue we face? Of course it cannot do so.Bitcoin is NOT a magical tool,that will solve all global problems.Bitcoin cannot replace any government or any big corporation.Bitcoin can be used only as a replacement of fiat currencies.
The questions about leadership have nothing to do with Bitcoin,because Bitcoin/blockchain can exist without leaders and there's no need of leadership in a fully decentralized environment,such as the blockchain.
Bitcoin has gained recognition because governments have abused the power to create fiat out of thin air for too long, just during the pandemic the amount of money they printed was huge so people are not going to sit down and see how their savings for which they have worked so hard for all their lives evaporate due to the actions of the governments, so they are choosing bitcoin to invest their wealth, this does not mean that fiat currencies will disappear or anything like that, it just means that people have finally an option to opt out of the fiat system if they want, something that has not existed for a very long time.
People can never lead themselves, there is always going to be the need for leaders to be in control.
So, whenever I see people who keep saying that Bitcoin is going to overthrow the government or take down the central banks, I just say that those people don’t even know what they are saying at all and don’t understand cryptocurrency.
The good thing about cryptocurrency is that it provides an alternative to the Fiat we are using, but that doesn’t mean that it is going to take down the central banks or stop the Fiat currency that we are making use of right now.
Fiat would still continue, and the government will still be there, same thing as the central banks, they will all be there and Bitcoin will just serve as an alternative when it comes to making transactions. Is as simple as that.
So, whenever I see people who keep saying that Bitcoin is going to overthrow the government or take down the central banks, I just say that those people don’t even know what they are saying at all and don’t understand cryptocurrency.
The good thing about cryptocurrency is that it provides an alternative to the Fiat we are using, but that doesn’t mean that it is going to take down the central banks or stop the Fiat currency that we are making use of right now.
Fiat would still continue, and the government will still be there, same thing as the central banks, they will all be there and Bitcoin will just serve as an alternative when it comes to making transactions. Is as simple as that.
Yes, bitcoin has preformed wonders as a decentralized currency to help citizens to be free from poverty in the community. Those who thought bitcoin will not cross 10 years before it will collapse as a decentralized currency begin to see Massive changes of bitcoin in the world development. Some government that rejected bitcoin some years ago, because of their fiat money benefits began to accept bitcoin because of the good things those countries that accepted bitcoin are using it to do in their various communities.
yet there are small margin of countries that starts accepting bitcoin so i think that is over statement in that part, we are still seeking for more adoptions.Quote
The purpose bitcoin was created is to eliminate errors and insecure transaction from the world. It has reduced unemployment from the world labour market.
wait, reduced Unemployment ? in what way? does bitcoin provide Legitimate jobs for people? sorry but i don't see it here? 
The people aren't overthinking Bitcoin's potential.They are overestimating it(at least some of the Bitcoin maximalists). Overthinking and overestimation are two completely different things.
Bitcoin is NOT a magical tool,that will solve all global problems.Bitcoin cannot replace any government or any big corporation.Bitcoin can be used only as a replacement of fiat currencies.
The questions about leadership have nothing to do with Bitcoin,because Bitcoin/blockchain can exist without leaders and there's no need of leadership in a fully decentralized environment,such as the blockchain.
Bitcoin is NOT a magical tool,that will solve all global problems.Bitcoin cannot replace any government or any big corporation.Bitcoin can be used only as a replacement of fiat currencies.
The questions about leadership have nothing to do with Bitcoin,because Bitcoin/blockchain can exist without leaders and there's no need of leadership in a fully decentralized environment,such as the blockchain.
still no one has completely eradicated poverty. Bitcoin is not regulated by the government and is not regulated by anyone, but it is able to give hope to those who invest in bitcoin. Bitcoin changes can change the finances of many people who work in bitcoin.
Some of those who can't afford to invest may choose other avenues to get into bitcoin. there are many ways to do it
Well, I think for those who were able to plan themselves properly, Bitcoin was a means to escape poverty. Bitcoin itself wouldn’t eradicate poverty, but it provides us with the opportunity, and it is up to us to know how to use it. I can tell you that I have been able to utilize the opportunity for good. But, there is never going to be a time where Bitcoin will make everyone rich like some people would say, that is not true.Some of those who can't afford to invest may choose other avenues to get into bitcoin. there are many ways to do it
There are also so many other things out there that can help you out of poverty, but do they work for everyone? The answer is a No. Nothing works for everyone, if there was something as such, then nobody on earth would be poor by now.
Indeed, I can see it to myself and I can see changes when it comes to financial capability. However, for those people who can't really afford to invest, Bitcoin had nothing to do with them. We really could think that Bitcoin gives some help to those who want and have the capital to invest but this becomes helpless to others who have nothing.
The existence of Bitcoin gives some light but this is not enough to solve poverty. As to whether we like it or not, rich people are benefiting much from this.
still no one has completely eradicated poverty. Bitcoin is not regulated by the government and is not regulated by anyone, but it is able to give hope to those who invest in bitcoin. Bitcoin changes can change the finances of many people who work in bitcoin.The existence of Bitcoin gives some light but this is not enough to solve poverty. As to whether we like it or not, rich people are benefiting much from this.
Some of those who can't afford to invest may choose other avenues to get into bitcoin. there are many ways to do it
there are many ways how to earn in this market, whether you have small or big funds. also, if you don't have the money to begin with, you can always find other earning options like campaigns, offering your services in exchange of crypto, selling your items and others. so even if you have very little funds you can participate in this market. it is only a matter of tactics how you will grow your portfolio. no one can do it for you, but the hard work itself will come from you.
I agree that it may not be everything in reality and we're too overwhelmed by what it can bring to the table. It's all about being optimistic and we're thinking that this should apply in reality even it's not.
It's not that hard to accept the truth but who knows someday, those ideas that can't be achieved by bitcoin could be achieved. There's a continues changes that's happening every now and then.
But with bitcoin's potentials, everything is bound to create progress that we have not experienced from fiat alone. But i believe those who have overestimated the potentials of bitcoin will never be in a wrong way somehow as bitcoin will always have its own unique way to provide us all the advantages like financial security and freedom that we have not seen in crypto. Though things are quite hard this time for bitcoin, but we can't deny it that its giving us more food on the table and comfort on our homes, things that we hardly even experience if we only stick with fiat.It's not that hard to accept the truth but who knows someday, those ideas that can't be achieved by bitcoin could be achieved. There's a continues changes that's happening every now and then.
They are forgetting on what bitcoin has done to everyone. They should not forget and ignore on what it had brought to everyone and the effect that it had made to everyone's life.
rather than on its negatives or people are really minding much on making such issues.Some do even set nor believed into those unrealistic things which couldnt really happen
like Bitcoin replacing fiat which is something an impossible thing to happen no matter how this crypto market would progress out.
Yes, bitcoin has preformed wonders as a decentralized currency to help citizens to be free from poverty in the community. Those who thought bitcoin will not cross 10 years before it will collapse as a decentralized currency begin to see Massive changes of bitcoin in the world development. Some government that rejected bitcoin some years ago, because of their fiat money benefits began to accept bitcoin because of the good things those countries that accepted bitcoin are using it to do in their various communities.
The purpose bitcoin was created is to eliminate errors and insecure transaction from the world. It has reduced unemployment from the world labour market.
The purpose bitcoin was created is to eliminate errors and insecure transaction from the world. It has reduced unemployment from the world labour market.
Indeed, I can see it to myself and I can see changes when it comes to financial capability. However, for those people who can't really afford to invest, Bitcoin had nothing to do with them. We really could think that Bitcoin gives some help to those who want and have the capital to invest but this becomes helpless to others who have nothing.
The existence of Bitcoin gives some light but this is not enough to solve poverty. As to whether we like it or not, rich people are benefiting much from this.
still no one has completely eradicated poverty. Bitcoin is not regulated by the government and is not regulated by anyone, but it is able to give hope to those who invest in bitcoin. Bitcoin changes can change the finances of many people who work in bitcoin.The existence of Bitcoin gives some light but this is not enough to solve poverty. As to whether we like it or not, rich people are benefiting much from this.
Some of those who can't afford to invest may choose other avenues to get into bitcoin. there are many ways to do it
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