People's feeling towards Bitcoin is changing - page 3.

Iranus

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Quote from: freightjoe on November 21, 2017, 12:51:15 PM

Quote from: AT101ET on November 21, 2017, 11:03:05 AM

Technically speaking you can't attribute a stock/asset to a bubble without it crashing. Until then its purely speculative which has no underlying foundation.

That is the very definition of stupid. You can't say something is in a bubble until after the the bubble has burst?

You can say it, but you can't say it with certainty. I agree that BTC is in a bubble, but you also can't know that in as irritating a manner as you do.

Quote from: freightjoe on November 21, 2017, 12:51:15 PM

A fundamental problem in Bitcoin. All agree there is a big problem, but no-one can agree on actually doing anything about it - because part of the community makes good money from the flaw.

It's an important security mechanism. BTC prides itself on allowing people financial sovereignty. If there was a problem major enough for people to begin leaving - for there to be a panic - consensus would naturally have to form.

For example, in 2010 (before the code was widely checked, as there were not many users at all), there was an overflow bug. Everyone quickly forked to a new chain in which the problem had not occurred, and their funds were safe.

That's the magic of decentralised consensus.

Shendy23

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It is really depend on the people how they will react on it. Because as of my own though and reasoning. When the bitcoin price goes down some people will sell immediately there investment for they thought bitcoin will be gone some will not and hold there bitcoin. Im sure for those who still believe in bitcoin has lots of profit now. haha

pawanjain

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Nothing lasts forever

It must be obvious to see issues in Bitcoin transactions. The more crowd joins a community the more issues it has to face.
Bitcoin has been facing quite a lot of problems now as many people have started using it. The only way to stop all these issues is by regulating the use of Bitcoin. Many countries have started regulating BTC because it has many issues in it and is less secure to the users.
So regulating BTC and implementing the same rules for everybody might be able to solve the issues.

Dudeperfect

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Nothing to worry as these are temporary issues and I am sure that in the coming years we will have the concrete solutions for these issues. Yes, there is mixed opinion about Bitcoin and blockchain based cryptocurrencies but while focusing on positive part, the situation was worst 3 years ago and the half of the people who were calling it a bubble or Ponzi scheme are now getting involved with the Bitcoin and the perception is slowly changing so I don't see this as a big trouble.

freightjoe

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Quote from: GazorpPozorpec on November 21, 2017, 11:28:22 AM

Quote from: freightjoe on November 21, 2017, 06:43:57 AM

There has been an interesting change over the last few days.

A few days ago all users in here responding to my posts were extremely angry that I would even suggest that there might be problems with Bitcoin. But over the last 24 hours, there has been a change. Now I more and more see:

- people who agree we are heading into a bubble (altought different views on when it will burst)
- people who agree that miners are increasing transaction costs dramatically and are a threat to very idea of decentralized Bitcoin itself
- people who have lost money due to various hacking scams

The tide clearly seems to be turning

Do you think that these changes in the mood of the people will entail fall in prices? I personally think that yes.

I agree

scottykarate

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Quote from: freightjoe on November 21, 2017, 12:51:15 PM

Quote from: AT101ET on November 21, 2017, 11:03:05 AM

Technically speaking you can't attribute a stock/asset to a bubble without it crashing. Until then its purely speculative which has no underlying foundation.

That is the very definition of stupid. You can't say something is in a bubble until after the the bubble has burst? By your words no-one should therefore ever fear a bubble in anything because nothing is a bubble until after the fact. Can't you see yourself how silly your position is on this?

Quote from: AT101ET on November 21, 2017, 11:03:05 AM

To address the second point I don't think it's necessarily an over-dramatisation but rather just an indicator of how big this scalability issue is. Changes are needed, that's for sure. The only issue is finding a solution that everyone can agree on.

A fundamental problem in Bitcoin. All agree there is a big problem, but no-one can agree on actually doing anything about it - because part of the community makes good money from the flaw. This will never get fixed.

You're ignoring Lightning network, Schnorr Signatures, etc., that many others have pointed out.

freightjoe

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Quote from: AT101ET on November 21, 2017, 11:03:05 AM

Technically speaking you can't attribute a stock/asset to a bubble without it crashing. Until then its purely speculative which has no underlying foundation.

That is the very definition of stupid. You can't say something is in a bubble until after the the bubble has burst? By your words no-one should therefore ever fear a bubble in anything because nothing is a bubble until after the fact. Can't you see yourself how silly your position is on this?

Quote from: AT101ET on November 21, 2017, 11:03:05 AM

To address the second point I don't think it's necessarily an over-dramatisation but rather just an indicator of how big this scalability issue is. Changes are needed, that's for sure. The only issue is finding a solution that everyone can agree on.

A fundamental problem in Bitcoin. All agree there is a big problem, but no-one can agree on actually doing anything about it - because part of the community makes good money from the flaw. This will never get fixed.

Erkallys

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There is indeed a problem concerning the transactions cost and time to be processed. This has however nothing to do with miners, the blocks are just full nothing more. But this is not new at all.

However, the fact that we are a bubble seems less consensual to me. Price increased a lot more by August, and time proved it is just organic growth. It is about the same for now.

AmXProX

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I don't think that miners had something to do with the increase on transaction fees. It is the traffic for the transaction. If you are going to check bitcoin transaction fees you always have an option to pay less but it will take longer. There are times that even a transaction for 1 satoshi/ byte will must take minutes to be confirmed.

A lot negative speculation against bitcoin came up after the hard fork for segwit2x was cancelled, mostly about the transaction fees.

evilgreed

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Quote from: Opquar on November 21, 2017, 12:08:05 PM

It looks to me like you are confusing people's feelings changing over them acknowledging that bitcoin has flaws. Bitcoin does have flaws, and most users are more than happy to admit it.

We share different opinions, point of views and experiences towards bitcoin. I agree to your point, and somehow most people who have bitcoin from way back years ago, are more contented amd happy to have it, but it doesn't also changed the fact that most of the people are somewhat down or regretful for not believing it for the past years that had passed.

teilwalL05

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OP should research more about bitcoin we can see the big leap of bitcoin and about 3 to 4 weeks the price keeps on moving upward and nothing had ever done to let a bubble burst even the so much FUD keeping on trowing at it it still keeps soaring high, even if there are a market manipulation you can definitely see that bitcoin still heading beyond our expectation, we can sure see a correction after this but bitcoin will not drop to non existence.

Xester

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People will always have different opinions with bitcoins. And most of the time it is due to different opinions or just in experiences. The call is still yours no matter what and whatever people tells you what should and should not do. In the end it is our own life and deciding is still on us. You could use other opinion as a guide.

scottykarate

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I see no change in what has been said for weeks or more. You have 0 observation ability.

Opquar

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It looks to me like you are confusing people's feelings changing over them acknowledging that bitcoin has flaws. Bitcoin does have flaws, and most users are more than happy to admit it.

Kprawn

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Quote from: freightjoe on November 21, 2017, 06:43:57 AM

There has been an interesting change over the last few days.

A few days ago all users in here responding to my posts were extremely angry that I would even suggest that there might be problems with Bitcoin. But over the last 24 hours, there has been a change. Now I more and more see:

- people who agree we are heading into a bubble (altought different views on when it will burst)
- people who agree that miners are increasing transaction costs dramatically and are a threat to very idea of decentralized Bitcoin itself
- people who have lost money due to various hacking scams

The tide clearly seems to be turning

What Bubble? We have been hearing this with every price spike and it always recovers to record high levels. I wish people

could get it through their thick skulls that Bitcoin is based on global Supply & Demand. Yes, there are massive speculation and

there are market manipulation... but when you look at the long-term, then the price gradually goes up. {Short-term

volatility should be ignored}

~ The miners fees is a non-issue, because miners will always follow the most profitable fork.

~ A centralized HACK {Tether} has nothing to do with Bitcoin. The Core developers of Bitcoin did not write the software

for these services. Angry

GazorpPozorpec

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Quote from: freightjoe on November 21, 2017, 06:43:57 AM

There has been an interesting change over the last few days.

A few days ago all users in here responding to my posts were extremely angry that I would even suggest that there might be problems with Bitcoin. But over the last 24 hours, there has been a change. Now I more and more see:

- people who agree we are heading into a bubble (altought different views on when it will burst)
- people who agree that miners are increasing transaction costs dramatically and are a threat to very idea of decentralized Bitcoin itself
- people who have lost money due to various hacking scams

The tide clearly seems to be turning

Do you think that these changes in the mood of the people will entail fall in prices? I personally think that yes.

allthingsluxury

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Bitcoin as it has had since the beginning is going to have its up and down's. I've seen this numerous times already. At least three major cycles.

AT101ET

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Quote from: freightjoe on November 21, 2017, 06:43:57 AM

There has been an interesting change over the last few days.

A few days ago all users in here responding to my posts were extremely angry that I would even suggest that there might be problems with Bitcoin. But over the last 24 hours, there has been a change. Now I more and more see:

- people who agree we are heading into a bubble (altought different views on when it will burst)
- people who agree that miners are increasing transaction costs dramatically and are a threat to very idea of decentralized Bitcoin itself
- people who have lost money due to various hacking scams

The tide clearly seems to be turning

The first point you mentioned is purely speculation and regurgitation. People read something they know little about and then spit it out as if they were experts in the field. Technically speaking you can't attribute a stock/asset to a bubble without it crashing. Until then its purely speculative which has no underlying foundation.

To address the second point I don't think it's necessarily an over-dramatisation but rather just an indicator of how big this scalability issue is. Changes are needed, that's for sure. The only issue is finding a solution that everyone can agree on.

Regarding the having/scams, what's changed recently? The USDT story only broke the news a few hours ago. Hacks/scams are more dependent on the users. If you know what you're doing and exercise caution then you coins would be safe. It's more about personal responsibility than anything else...

freightjoe

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Quote from: Maestro75 on November 21, 2017, 07:06:59 AM

Of course there are problems with Bitcoin and the ways of its operations. But that does not meanniy is a bubble or will soon come to an end

More and more in here are agreeing it is a bubble - and Bitcoin is driven by whatever value people think it has......

Quote from: Maestro75 on November 21, 2017, 07:06:59 AM

Bitcoin is the head of cryptocurrency. So, Bitcoin will continue to chart the way forward.

Stomping your feet on the ground does not lend any credibility to your statements. Myspace was the head of social media. Where are they now?

Quote from: Maestro75 on November 21, 2017, 07:06:59 AM

We all believe that miners are.making a mess of what Bitcoin should be and what Satoshi stated out for it to achieve with their high fees.

So it is all a mess ....

lzby2000

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To this understanding, I think the miners have more say than we do. They know the market best and know the change of the market most keenly. Some problems are right, I think bitcoin can continue to develop, not so before, has been developed to the present?

Topic: People's feeling towards Bitcoin is changing - page 3. (Read 1200 times)