The reality is that bitcoin first appeared on the earth a decade and few more years ago on the earth. It's planning might have started way before that so that the inventor was busy coding the blockchain and it's logics. Ideally it started, and it never looked back to this date. The reality is that, there is more than trillions of dollars which are being spend on the blockchain and the enormous volume is driving the price of bitcoin to the new goal.
Now, what bunch of peeps think about the bitcoin does not matter here. If invisible reader is here to gain more knowledge about it, then read the above para twice and empty your bank into crypto before its too late.
The reality tells me, bitcoin is now way sophisticated asset than it was a year ago and it would far more lucid a year after this. So don't argue, because we would be just wasting the time and nothing else.
Topic: Reality Check on Crypto - page 2. (Read 552 times)
I am convinced that many of those people that are only looking for profits will come to appreciate the other characteristics of bitcoin and will eventually become to use it in their everyday lives.
I believe the set of generation of people that will see bitcoin as only an asset and not as investment opportunity or tool is yet not arrived. Almost every body that has bitcoin currently are doing so because of the investment value. Maybe back in the early years of bitcoin when it was used to buy pizza could have passed for just asset and hodling but currently it is invested on for profit taking.
However, with regards to its decentralization and volatility, i think it will also be address by the government once it will be a global currency in the future.
Sometimes, this forum thinks that the rest of the world will flock to Bitcoin in droves because of its qualities.
Some people think that every potential user/investor will care about its decentralized features or its high value.
Well, it is not the case.
The people who go to BitcoinTalk are not the average investor: they are interested enough in crypto to make an account here.
It is not the posters you talk to, but the invisible lurkers who may be reading this very post.
I am convinced that many of those people that are only looking for profits will come to appreciate the other characteristics of bitcoin and will eventually become to use it in their everyday lives.
I believe the set of generation of people that will see bitcoin as only an asset and not as investment opportunity or tool is yet not arrived. Almost every body that has bitcoin currently are doing so because of the investment value. Maybe back in the early years of bitcoin when it was used to buy pizza could have passed for just asset and hodling but currently it is invested on for profit taking.
It's not as If people using the morden financial system feel too comfortable using them even though most of the financial institutions tries their best to maintain a clean and transparent ledger. The issue of volatility has made many shy away from substantiating Bitcoin as a unit-of-account. And non-decentralized advocators aren't knowledgeable enough to know what the stand to gain using the decentralized ledger format. Many still see Bitcoin as an anti-government innovation that has come to fight against the long existence of manipulated ledger accounts. But in actual sense Bitcoin is more saving than the traditional banking system.
If Bitcoin can attain some level of stability many would decide to adopt it as a clear unit-of-account across boarders. With the level of volatility it posses if it's used for transaction purpose there will be constant difference in price from point to point and a drop in currency value might alter transactions.
If Bitcoin can attain some level of stability many would decide to adopt it as a clear unit-of-account across boarders. With the level of volatility it posses if it's used for transaction purpose there will be constant difference in price from point to point and a drop in currency value might alter transactions.
I am convinced that many of those people that are only looking for profits will come to appreciate the other characteristics of bitcoin and will eventually become to use it in their everyday lives.
I believe the set of generation of people that will see bitcoin as only an asset and not as investment opportunity or tool is yet not arrived. Almost every body that has bitcoin currently are doing so because of the investment value. Maybe back in the early years of bitcoin when it was used to buy pizza could have passed for just asset and hodling but currently it is invested on for profit taking.
realize on what things are happening and you would be aware on how this market moves and how Bitcoin did really have big purpose and benefits when it comes to decentralization.
You should be aware at least on whats happening around and you could make yourself some decisions which would fit out on the situation.
I am convinced that many of those people that are only looking for profits will come to appreciate the other characteristics of bitcoin and will eventually become to use it in their everyday lives.
I believe the set of generation of people that will see bitcoin as only an asset and not as investment opportunity or tool is yet not arrived. Almost every body that has bitcoin currently are doing so because of the investment value. Maybe back in the early years of bitcoin when it was used to buy pizza could have passed for just asset and hodling but currently it is invested on for profit taking.
I am convinced that many of those people that are only looking for profits will come to appreciate the other characteristics of bitcoin and will eventually become to use it in their everyday lives.
I believe the set of generation of people that will see bitcoin as only an asset and not as investment opportunity or tool is yet not arrived. Almost every body that has bitcoin currently are doing so because of the investment value. Maybe back in the early years of bitcoin when it was used to buy pizza could have passed for just asset and hodling but currently it is invested on for profit taking.
Likewise, in regards to being served by the financial institution, they aren't perfect in providing their services but still useful to some extent, I can agree with the first part of the post, most people who invested in btc are less concerned about it's decentralise nature and more about profit making, reason while they dislike price volatility, the moment the price is in uptrend people seem to be happy, it is a clear indication where the majority of interest lies.
We have known this for a very long time, the average investor is here for the profits they can make and nothing more, however this is not bad in itself, people do this all the time, they begin to do something for a reason and then they find many other reasons to keep doing that activity, I am convinced that many of those people that are only looking for profits will come to appreciate the other characteristics of bitcoin and will eventually become to use it in their everyday lives. I agree about decentralization (most don't care about it), but I wonder if the next two points really make sense. In the first world, most users are indeed doing well with the current financial system, but are most crypto users in the 1st world? The data varies, but the most comprehensive piece I found is this one, where, by a total number of crypto owners, the top-10 countries are India, the USA, Russia, Nigeria, Vietnam, Ukraine, Kenya, South Africa, Colombia, and Venezuela. Clearly, the majority of countries are far from 1st world, and the majority of users (top-10 accounts for around 85% of crypto owners) as well. As for #3, info like that definitely needs to be supported with sources. I couldn't find data on volatility specifically, but I found a recent poll, and people explained there why they invest in cryptos. Top results are easy trading, excitement, potential short-term growth, which are all associated with volatility IMO.
Does this distribution tell you why this is so? Everything is quite simple - this is a list of countries where there is no good financial regulation, where there are "gaps" in the legislative base, where there is corruption, there is no desire to formalize some processes. The USA is probably on this list as one of the most technologically advanced
Well he did make some points there that are true. First of all the one he said that most users of Bitcoin dislike the price volatility: it is true that a lot of people you’re going to talk to about Bitcoin are not going to like the volatility part of it, so they are going to avoid it.
I am saying this with experience, because 90% of the people I would talk to about Bitcoin always lose interest when you talk about the volatility part of it, they are not ready to take that risk. And next, the part that most users are not ideological decentralization advocates, that is also true. You don’t really need anyone to tell you about that one, unless things are going to change in the future.
I am saying this with experience, because 90% of the people I would talk to about Bitcoin always lose interest when you talk about the volatility part of it, they are not ready to take that risk. And next, the part that most users are not ideological decentralization advocates, that is also true. You don’t really need anyone to tell you about that one, unless things are going to change in the future.
Coming from the presentation of Vitalik, I'm surprised to see what he's saying about bitcoin. Did he really make that presentation or someone has made it for him to present? And what about Ethereum, does he tell that Ethereum is much more of a unit of account than bitcoin?
So if this presentation was in the past and he's selling Ethereum to people invest in bitcoin. I hope that he'll start taking back what he has said about bitcoin on this presentation then.
So if this presentation was in the past and he's selling Ethereum to people invest in bitcoin. I hope that he'll start taking back what he has said about bitcoin on this presentation then.
The crypto adopters who pushed the price too high don't really care about decentralization. The hard truth is that most crypto enthusiasts are just FOMO trying to get rich. I feel like a lot of people still don't understand the potential future value of cryptocurrencies, and you're trying. Trying to talk about in this photo step all i see is denial in your posts 
. everyone has different desires and goals it seems that BTC is too volatile and this is still apprehensive of some countries especially people in El Salvador they have had protests against acceptance of BTC as paid currency, Imagine if every month you work and the price of BTC drops 2% paying in BTC for living expenses is very difficult for some people in El Salvador.
. everyone has different desires and goals it seems that BTC is too volatile and this is still apprehensive of some countries especially people in El Salvador they have had protests against acceptance of BTC as paid currency, Imagine if every month you work and the price of BTC drops 2% paying in BTC for living expenses is very difficult for some people in El Salvador. Sometimes, this forum thinks that the rest of the world will flock to Bitcoin in droves because of its qualities.
Some people think that every potential user/investor will care about its decentralized features or its high value.
I like to think that too. I'm glad you basically pointed out a few things, 'it's qualities and high value'. One thing I'm not so sure of is the rest of the world flocking to bitcoin, no, not at all. I would say, just enough to make it real and by that, I mean governments of nations inclusive then, the platform would be all set.Some people think that every potential user/investor will care about its decentralized features or its high value.
People like qualities and what has got qualities have got some real value . Little wonder how gold has been in business and still, not all people in the world are into acquiring it. Same as well applies to bitcoin. Its not about all people but just enough people to keep it going.
It is quite wrong presentation and I am fine with it. There could be a lot of people who could hate bitcoin and I would be very fine with it because in the end I am the one profiting and they are the one missing out. Let the people who dislike bitcoin and doubt it keep on doing that while we reek in the cash. I have been working full-time in crypto for over 5 years now, and I have never been happier, and I have never been richer.
This month I am probably going to earn the biggest amount of money I have ever made in my life, and it was sort of true last month as well. So all in all, I keep making more and more money, save more and more, and profit more as well so it has been an amazing ride. Compared to what I made 5 years ago, I am making insanely higher amount of money right now, probably 10x more. This is why I let all those who doubt bitcoin be wrong and not care enough to correct them, let them be what they want because they are the ones who are missing out.
This month I am probably going to earn the biggest amount of money I have ever made in my life, and it was sort of true last month as well. So all in all, I keep making more and more money, save more and more, and profit more as well so it has been an amazing ride. Compared to what I made 5 years ago, I am making insanely higher amount of money right now, probably 10x more. This is why I let all those who doubt bitcoin be wrong and not care enough to correct them, let them be what they want because they are the ones who are missing out.
Sometimes, this forum thinks that the rest of the world will flock to Bitcoin in droves because of its qualities.
Some people think that every potential user/investor will care about its decentralized features or its high value.
If anyone thinks that every investor in the cryptocurrency market really care about the technical aspect of a project, then it is a wrong concept as majority are here to make a quick profit and they will move on to other ones once they book their profit. Some people think that every potential user/investor will care about its decentralized features or its high value.
Since you added a poster of Vitalik Buterin, he was always boosting his invention of ETH and he always claimed that it will solve the problems BTCitcoin will never solve from the start and always mocking and now what happens to their scaling project is a comical tragedy as users are spending huge amount in transaction fees because of their inability to scale and still look at their valuation as they are soaring despite their higher transaction valuation.
Sometimes, this forum thinks that the rest of the world will flock to Bitcoin in droves because of its qualities.
Some people think that every potential user/investor will care about its decentralized features or its high value.
If anyone thinks that every investor in the cryptocurrency market really care about the technical aspect of a project, then it is a wrong concept as majority are here to make a quick profit and they will move on to other ones once they book their profit. Some people think that every potential user/investor will care about its decentralized features or its high value.
Since you added a poster of Vitalik Buterin, he was always boosting his invention of ETH and he always claimed that it will solve the problems BTCitcoin will never solve from the start and always mocking and now what happens to their scaling project is a comical tragedy as users are spending huge amount in transaction fees because of their inability to scale and still look at their valuation as they are soaring despite their higher transaction valuation.
Likewise, in regards to being served by the financial institution, they aren't perfect in providing their services but still useful to some extent, I can agree with the first part of the post, most people who invested in btc are less concerned about it's decentralise nature and more about profit making, reason while they dislike price volatility, the moment the price is in uptrend people seem to be happy, it is a clear indication where the majority of interest lies.
While I get this presentation's point of view, I'm trying to enjoy the benefits of cryptocurrencies. Yes, I'm served just fine by the traditional banking system, I don't have any issues or complaints, however, I have two separate wallets with funds that are not visible to any banking system, it's money I've earned and invested, something that is easily accessible through cryptocurrency.
On top of that, especially now with DeFi and BSC, there are even decentralized exchanges, for those who are all about decentralization, I'm not, but it's a nice feature to have. I'm not a decentralization advocate, but I definitely appreciate its immense possibilities. Furthermore, price volatility is what makes cryptocurrencies challenging and interesting, if you have the experience (and luck), the profit margins can be vast.
On the other hand, I'm 50/50 on the last point, since in the past, I'd use Bitcoin for the purchase of digital goods, however, due to its value, I'd refrain from doing it in the future.
On top of that, especially now with DeFi and BSC, there are even decentralized exchanges, for those who are all about decentralization, I'm not, but it's a nice feature to have. I'm not a decentralization advocate, but I definitely appreciate its immense possibilities. Furthermore, price volatility is what makes cryptocurrencies challenging and interesting, if you have the experience (and luck), the profit margins can be vast.
On the other hand, I'm 50/50 on the last point, since in the past, I'd use Bitcoin for the purchase of digital goods, however, due to its value, I'd refrain from doing it in the future.
used Bitcointalk to promote his own premined shitcoin, and left right after. He started strong with "code is law", and abandoned that too when he and his friends lost their coins in a smart contract they didn't understand. They even called the only person who understood the contract "the attacker" and hardforked their centralized coin, thereby abandoning the one USP they had.
Ethereum got big selling tokens for ICO-scams that spammed all over the internet.
Ethereum got big selling tokens for ICO-scams that spammed all over the internet.
Decentralized contracts were (still are) of interest but the hard-fork reminded me that I didn't know enough to be comfortable putting something like a trust or other valuable contracts on an ETH token.
I've spent bitcoin so in reality it has already worked as a peer to peer payment system.
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