Topic: People Overthink Potential of Bitcoin - page 4. (Read 1002 times)

Well I totally agree --people's perceptions of bitcoin nowadays are highly irritated, as they believe it will save the world and replace fiat currency, which is not entirely accurate. Because of their imaginations about bitcoin's potential, they are expecting more and more from it. Bitcoin was established only for the purpose of allowing people to have financial freedom. Only those with a high level of psychosis predicted that bitcoin will replace fiat currency.

Bitcoin will never free us from governments, or even help alleviate poverty anywhere. It is supposed to be used as a supplement to existing financial framework that we have, which is fiat. It was never meant to topple fiat anyways, and those who think otherwise are completely delusional and straight up tripping. Also, in the aspect of 'control,' it simply means that we have the freedom to keep our assets somewhere without financial institutions and governments trying to influence it.

Another thing is that we do not know which governments and which big players/whales are holding bitcoin secretly. I am sure the governments are also accumulating bitcoin but due to some unforeseen pressure, they hesitate to tell this openly. Also, i think that most people underestimate the potential of bitcoin and they don't anticipate high bitcoin price increase in the near future.

The government wants complete control over everything, this is incompatible with the concept of freedom, Bitcoin provides decentralization and financial freedom for people, but at the same time it is more transparent, you can track transactions that take place in all their details on everything that is clear on the Blockchain and cannot be hidden, the biggest evidence is the news that We heard it two days ago about the theft that took place in the Bitnifix platform since 2016, the couple was arrested after all these years and the government was able to monitor the bitcoin that was stolen and know all its movements since that time until now, although they succeeded in stealing bitcoin but they did not succeed in Transferring it to fiat, this is evidence that Bitcoin cannot be completely outside the control of the government.

Another thing is that we do not know which governments and which big players/whales are holding bitcoin secretly. I am sure the governments are also accumulating bitcoin but due to some unforeseen pressure, they hesitate to tell this openly. Also, i think that most people underestimate the potential of bitcoin and they don't anticipate high bitcoin price increase in the near future.

This is just a straight to the truth post. Anyways since we are all fans of the Bitcoin thing. It is true it does offer economic benefit to many. However. Some of the ideas Bitcoin can bring forth will never be true.
People think that Bitcoin will free them from governments and corporations. This is not true at all. Will never happen. Governments and companies have had control or a say in all money systems since the beginning of time. Look at the  Roman Empire and the use of metals for currency.

In general at the end of the day someone has to be in charge. It is impossible and not feasible to let the people lead themselves. Too many ideas and different thoughts conflict with one another. That would cause a clash of conflict to happen. Some people want order and others can believe everything should be a "Free for all"
Going free for all does not work, to function without any rules or order is not good thing. At same time running with too many rules and order not good thing as well.

At end of the day someone has to be in charge.  Keep in mind you yourself in your own home have rules, That makes  "you" a government. like it or not. Can you function your home without rules for others?? think on that one, rules are needed to maintain order?

More less Bitcoin will not get rid of any rules of leadership. You are going to have to have leadership at some point or another. With rules that some will like, some will tolerate and some will not like. Impossible to run a society without rules.

Government had played soft with bitcoin for a long time and the news this morning that the US government hold $3.6 billiion is just damn to bullish on the long term. Bitcoin is more of an SOV, very few use cases but a guaranteed digital asset with low risk as long as you hold. Bitcoin is no more a discovery, it more than an invention and adoption cant be controlled anymore.

Government had played soft with bitcoin for a long time and the news this morning that the US government hold $3.6 billiion is just damn to bullish on the long term. Bitcoin is more of an SOV, very few use cases but a guaranteed digital asset with low risk as long as you hold. Bitcoin is no more a discovery, it more than an invention and adoption cant be controlled anymore.

In general at the end of the day someone has to be in charge. It is impossible and not feasible to let the people lead themselves. Too many ideas and different thoughts conflict with one another. That would cause a clash of conflict to happen. Some people want order and others can believe everything should be a "Free for all"
Going free for all does not work, to function without any rules or order is not good thing. At same time running with too many rules and order not good thing as well.

At end of the day someone has to be in charge. 

The ones who are telling you to rid of the government are people who wish to control you. Look at the Trucker convoys going on. The terrorists who stormed the US government last year. are people who have criminal pasts, do not like rules and are really in truth looking to control everyone else in the end. in which their ideas could be more strict and worse then what is already in place.

So be careful what you listen to. Thoughts on this.

Absolutely not everyone, sir. Yes, some special people understand this thing better and use it as a good income. On the contrary, some friends have made a regular salary system.
People are shifting from hard work to easy work and bitcoin is a very easy source of income.
All friends should know about this and also take the best steps to stop the corrupt.

Bitcoin experts can persuade people with their opinion so that they can benefit from it. With Bitcoin you can only earn something or waste your money and nothing but with a better strategy you can get huge benefits from Bitcoin and other corrupt coins just people have to convince more experts. You have to follow and buy and sell crypto under their guidance.

Yes, influencers are indeed an attraction for beginners, especially for influencers who only display their profits. But they did not see the loss they suffered. From there, beginners can think of something extraordinary or just think about the benefits. In fact, in cryptocurrencies or any other investment there is always a risk.
Yes, following influencers is also okay, as long as (beginners) can choose good influencers to follow. Which provides in-depth education about cryptocurrencies. So they also want to learn, not just want to make an easy profit.

People think that Bitcoin will free them from governments and corporations. This is not true at all. Will never happen. Governments and companies have had control or a say in all money systems since the beginning of time. Look at the  Roman Empire and the use of metals for currency

Yes, influencers are indeed an attraction for beginners, especially for influencers who only display their profits. But they did not see the loss they suffered. From there, beginners can think of something extraordinary or just think about the benefits. In fact, in cryptocurrencies or any other investment there is always a risk.
Yes, following influencers is also okay, as long as (beginners) can choose good influencers to follow. Which provides in-depth education about cryptocurrencies. So they also want to learn, not just want to make an easy profit.

Which one is easier to think about?

• one intangible thing not having any physical presence, turned its value from 0 to $100K?
• one digital currency which has surpassed paper money by getting people's support?

To me, 2nd one is easier to think and dream of.

The title is misleading because it is not Overthinking But People are Over Expecting towards Bitcoins value.

Most Noob looks at bitcoin as something that can make them rich in fastest way doing some kind of stupidity , when some even sell their houses and cars just to invest but the time frame is so short and if they did not get what they are looking? then they will throw bad words forward.

Bitcoin is a currency and now a GEM.