Regardless of the continuing bear market, the fundamentals keep improving

davinchi

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Quote from: pooya87 on January 31, 2019, 01:11:25 AM

Quote from: dothebeats on January 29, 2019, 06:36:35 AM

~ the last bull run of 2017 was nothing related to the actual growth of bitcoin.

and why do you think that?
2017 was one of the best years for bitcoin both in moving forward with the technology and the mass adoption of it as a currency. so i don't get why you say it was not related to actual growth of it!!!
for starters in 2017 we saw the end to a 3 year old debate for scaling bitcoin and we finally moved ahead with development. it opened up way for at least 4-5 other things such as LN, Schnorr, Signature aggregation.
on top of that we had multiple big adoption cases such as Japan where their government accepted bitcoin as a legal way of payment. so the big ATH wasn't really that surprising considering all these actual growths!

Most of the improvements came after the increase. That 3 year debate of what to do to improve the technology didn't happen during the 900 dollars or 3 thousand dollars or whatever, it happened because the price hit 20 thousand dollars and we needed to find a solution to the increasing hype of bitcoin.

Hence, we can't say the improvements helped bitcoin reach 20 thousand dollars, we can say 20 thousand dollars helped improvements get done quicker. That is what I think the original poster you answer to means, of course I don't know him so I can't say for sure but that makes the most sense. Whatever improved in bitcoin, either the technology, or the interest, or even the financial funding provided to crypto companies all happened on the worse bear market of our era.

pooya87

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Quote from: dothebeats on January 29, 2019, 06:36:35 AM

~ the last bull run of 2017 was nothing related to the actual growth of bitcoin.

and why do you think that?
2017 was one of the best years for bitcoin both in moving forward with the technology and the mass adoption of it as a currency. so i don't get why you say it was not related to actual growth of it!!!
for starters in 2017 we saw the end to a 3 year old debate for scaling bitcoin and we finally moved ahead with development. it opened up way for at least 4-5 other things such as LN, Schnorr, Signature aggregation.
on top of that we had multiple big adoption cases such as Japan where their government accepted bitcoin as a legal way of payment. so the big ATH wasn't really that surprising considering all these actual growths!

omonuyak

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Quote from: Samyalson on January 28, 2019, 02:38:54 PM

Yes the market has fallen again.

But us hodlers need to know that the infrastructure is continuing to improve.

https://cryptomenow.com/despite-the-crypto-winter-here-are-some-reasons-why-bitcoins-adoption-is-still-looking-very-strong/

The market has not been doing too well since last year even with some good news we have at the end of the year. Cryptocurrencies market really need more good fundamentals analysis for it to recover and makes significant progress.

Pab

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It looks like price has found bottom above 3300$
I have been reading great article about Bakkt
I really didn't know that Bakkt will be more then only USA
Take your time and read it is really worth to http://fortune.com/2019/01/14/bakkt-acquisition-consumer-payments/

It looks like bigger obstacles for Bakkt launch is shutdown in USA when Bakkt will launch we have good chance for much higher price

coinwizard_

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Most Advanced Crypto Exchange on the Blockchain

There is so much development going on because they believe in the technology. Bitcoin will thrive in the new world as crypto goes mainstream, these bears will be regretting their words this time next year

normanz

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Even though the market falls too sharply, but bitcoin will continue and can still recover its value again. Bitcoin is special and there is no need to panic in holding bitcoin.

ecnalubma

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Quote from: Samyalson on January 28, 2019, 02:38:54 PM

Yes the market has fallen again.

But us hodlers need to know that the infrastructure is continuing to improve.
part
https://cryptomenow.com/despite-the-crypto-winter-here-are-some-reasons-why-bitcoins-adoption-is-still-looking-very-strong/

Yes I agree, price maybe down for very long but rapid adoption is unstoppable. I am certain that this lows are not part of demolition instead its part of the whole cycle and big investors taking advantage. So I think opportunities we see in the markets today is a once in a lifetime that shouldn't be miss.

traderethereum

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Bitcoin still strong even if the price is down again and again. Soon, the mass adoption will happen, and in that time, we will see many investors will buying bitcoin, and I believe that bitcoin cannot stop unless the government shut down the internet in all of the worlds. From now on, I guess we will see surprises from bitcoin and people in out there who don't believe in bitcoin will amaze, and they will join in the bitcoin world. There are no worries to see the bitcoin price is down because it will increase and it will back to the higher rate.

Red-Apple

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Quote from: sirohige on January 29, 2019, 05:49:42 AM

now the market conditions fall again and the best thing for you to do is to hold all the digital assets that you have because if you sell them at low prices it will only make you lose so you should be able to wait until the price rises again, don't be afraid if the conditions this is not good because it will definitely recover.

bitcoin having a good potential and growing over time does not mean every other cryptocurrency (or digital asset if you like to call them) also has the same potential. in fact almost all of these altcoins are going to bite the dust of bitcoin and be left behind. take a look at the altcoin graveyard and see hundreds of altcoins where people thought had a future but died in a short time.

dothebeats

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It's because some services and people understand that it's not always sunny for bitcoin and there needs to be someone who will spearhead projects and platforms for bitcoin to grow even bigger. Some people also know that this is still an opportunity even if the market is failing considering that we've been here before and previous charts tell us exactly that. It's a good thing honestly that the fundamentals are catching up, as we badly need it and the last bull run of 2017 was nothing related to the actual growth of bitcoin.

sirohige

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now the market conditions fall again and the best thing for you to do is to hold all the digital assets that you have because if you sell them at low prices it will only make you lose so you should be able to wait until the price rises again, don't be afraid if the conditions this is not good because it will definitely recover.

Pain to go mad

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Yes, I agree with you. Although the price of Bitcoin is declining, people who like Bitcoin are trying to promote it so that more people can accept it. In one sentence. Don't panic. The team is working.

Kakmakr

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The world has to know that Pandora was released from the proverbial box and nothing will be the same again. Nobody can stop Bitcoin now, the protocol are running on a global decentralized network and people are working hard to expand the supporting services, like Bitcoin merchants and Bitcoin ATMs. We have even seen several projects that are geared towards creating a scenario where Bitcoin will be made independent of the Internet infrastructure. Grin

The network of Bitcoin users are growing and investors in services that supports that is growing. Grin

We also have mining farms popping up like mushrooms, which shows us that everything is still happening in the background. Wink

kingpin4321

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Quote from: Samyalson on January 28, 2019, 02:38:54 PM

Yes the market has fallen again.

But us hodlers need to know that the infrastructure is continuing to improve.

https://cryptomenow.com/despite-the-crypto-winter-here-are-some-reasons-why-bitcoins-adoption-is-still-looking-very-strong/

The mentioned article the not point out enough reasons to show that the infrastructure is continuing to rise.
It mostly showed features of bitcoin and even as a bitcoin lover am worried about the situation.

aoluain

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The FIAT values for Bitcoin are really unrelated to its technical development,
or in another way development of the technology behind Bitcoin will continue
regardless of what $ value it is today or tomorrow.

Anybody who takes a good look at Bitcoin and sees the real merit in what it
can provide other than a short term retirement scheme is going to get into
it regardless of the price and i agree that lower prices should attract more
adoption.

Pursuer

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Where is my ring of blades...

Quote from: davis196 on January 29, 2019, 01:37:44 AM

Believe it or not,a lower bitcoin price may help more for mass bitcoin adoption.
A higher price and a furious bull trend might scare all the businesses,who want to adopt bitcoin.
That's why the fundamentals are getting stronger.

bull or bear markets are not the reason why some people or even businesses are scared of adopting bitcoin. there are a ton of other reasons, for example lack of regulations and fear that the government may ask their business for a hefty tax if they accept bitcoin payments or if the individuals buy bitcoin.
as for the price itself the only thing that may scare people is unreasonable rises and falls which indicate manipulation otherwise nobody cares when price goes up and down naturally.

davis196

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Believe it or not,a lower bitcoin price may help more for mass bitcoin adoption.
A higher price and a furious bull trend might scare all the businesses,who want to adopt bitcoin.
That's why the fundamentals are getting stronger.

green_nelson

newbie

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I think the market is just trying to get up, so the price may temporarily go down, this is the norm. In my opinion, there is no point in fearing anything, until Bitcoin drops below 2000. To be honest, I don’t think it will happen at all.

Herbert2020

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the price is always going up and down, sometimes like 2017 it will be exaggerated and the big size of it causes a big dramatic downtrend afterwards but in the end the adoption is going to continue to happen no matter what the price looks like in short term and that is why in the long term we always see a higher price for bitcoin and a death for altcoins that are useless.

figmentofmyass

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Quote from: KingScorpio on January 28, 2019, 11:51:56 PM

the collapsing market is simply just the consequence of the world getting fed up with the attentionhack, i am quite sure we will witness a market collapse if this will not change

the world is mostly just spectating and doesn't care what the crypto market does.

the collapse was a natural consequence of the irrationally bullish run-up in 2017. price had been completely divorced from fundamentals. now we're just experiencing the next phase in the market cycle, where price returns to the mean. it has more to do with profit taking by earlier adopters and capitulation by late adopters than anything else.

Topic: Regardless of the continuing bear market, the fundamentals keep improving (Read 251 times)