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Topic: Stop being pessimistic. The potential of bitcoin is still immense! - page 4. (Read 570 times)

legendary
Activity: 3948
Merit: 3191
Leave no FUD unchallenged
It's an important point that everyone tends to forget because it's something that works so well:

Bitcoin is still effectively in beta.

People spend so long fixating on the price swings that they totally forget about how much stuff is still on the to-do list.  A 0.x version generally denotes software that isn't deemed a full release candidate yet and the latest Bitcoin Core is 0.16.2 so clearly still beta software.  Lightning is also very much in early beta.  There's so much more to come.  People need to be patient.

to be fair bitcoin core is not bitcoin, it is one of the implementations of bitcoin protocol and it happens to be the reference implementation and also still be in beta after 9 years

True enough, I was just too lazy to look up the latest version numbers for other clients and Core just happens to be at the top-left of the page.   Cheesy

Armoury is 0.96.0, so based on their version number, they might still see it as beta software
Electrum, conversely, is up to 3.2.3, so based on that, they probably view it as more of a full release

It will definitely vary from one group of devs to another.  They'll naturally all have different ideas about how "complete" their implementation is.


but I don't think we can also consider bitcoin itself as a protocol as being in beta. bitcoin is young but is a solid protocol that has been thoroughly tested and battle hardened.

It's certainly an arguable point.  Most of the current end-users probably see it as, effectively, a finished product, but many devs might still see these as early days because they've still got loads more ideas they want to explore and, perhaps one day, implement.  However, while it might be easy for current, moderately tech-savvy, users to take for granted, Bitcoin still isn't quite user-friendly enough for the average person to deal with yet.  There are certainly custodian services that simplify things, but that's not what I think of as "proper" usage.  Because of that, I personally still tend to lean more towards it being in beta.
newbie
Activity: 24
Merit: 0

 Finally a thread with some positive views on this space  Cheesy
sr. member
Activity: 658
Merit: 260
CryptoTalk.Org - Get Paid for every Post!
Give the bitcoin sufficient time and you will see it coming on the track soon and giving everyone what they deserve according to their investment made into it. Bitcoin is still young technology which is not fully understood by the world. All they know about it is just a crypto coin which has got "good value" or "bad value" and its volatile one. Thats all, that is what most of the common people think about it. Bitcoin's potential will be explored to the moon level as soon as more and more technician fall into this field and explore different aspects of the same. Its all about the time!
full member
Activity: 507
Merit: 100
Yes indeed. Currently, all the advantages of working with crypto-currencies are studied and people learn to use them with benefit for themselves and others. I am confident that over time, crypto currency will increasingly become part of our lives.
sr. member
Activity: 1428
Merit: 251
I think the crypto market is just in an initial stage of expansion and occupies a very small and insignificant place in the global economy. For that reason I do not understand the great pessimism that many times is observed in those who have invested some money here, as soon as they observe some eventual fall in the price of bitcoin.

At some point I read an article in which bitcoin was already among the 20 most important currencies in the world (displacing many fiat currencies), so I have no doubt that the growth potential of this market is still immense and we can still consider ourselves as early adopters.

Its true that bitcoin is at early stage and still 9 years old. Need more time for growing. No investment can grow like bitcoin that give you profits more than 1000% in just one year in 2017. I am believe long term investment for bitcoin is good choice and when people start have knowledge about bitcoin, the price will increasing
newbie
Activity: 56
Merit: 0
As far as I'm concerned, Bitcoin is yet to show its true potential. It still has to surpass the stage where everyone recognizes its different applications and not just focus on the negatives. Pessimists will always be there, but we can help drive the numbers down by educating or sharing with others the endless advantages of crypto  Smiley
member
Activity: 854
Merit: 12
arcs-chain.com
The crypto market is definitely a baby and a good deal of crypto users have arrived during the boom on last year... most focused only in quick cash and the idea they would be rich after a few months...
It is natural that people do not understand what they are doing and dehave like impacient brats...

Bitcoin has a lot of potencial and growth margin, and with the growing digitalization of the world everyone can see that crypto will be the future, even if it is not BTC, but some other to prevail

newbie
Activity: 294
Merit: 0
I feel sad at this time, and I have doubts about the condition of my account.
But I still want to learn a lot about bitcoin, bitcoin does have a very large potential and is indeed worth maintaining.
Bitcoin travel is still long and must be able to develop and provide many benefits.
legendary
Activity: 1638
Merit: 1163
Where is my ring of blades...
It's an important point that everyone tends to forget because it's something that works so well:

Bitcoin is still effectively in beta.

People spend so long fixating on the price swings that they totally forget about how much stuff is still on the to-do list.  A 0.x version generally denotes software that isn't deemed a full release candidate yet and the latest Bitcoin Core is 0.16.2 so clearly still beta software.  Lightning is also very much in early beta.  There's so much more to come.  People need to be patient.

to be fair bitcoin core is not bitcoin, it is one of the implementations of bitcoin protocol and it happens to be the reference implementation and also still be in beta after 9 years but I don't think we can also consider bitcoin itself as a protocol as being in beta. bitcoin is young but is a solid protocol that has been thoroughly tested and battle hardened.
full member
Activity: 280
Merit: 101
To hell with all the pessimists. The main thing that we know about the potential of bitcoin and understand that its future is huge, and the rest let them continue to lose their money trusting banks Smiley
jr. member
Activity: 144
Merit: 1
I think the crypto market is just in an initial stage of expansion and occupies a very small and insignificant place in the global economy. For that reason I do not understand the great pessimism that many times is observed in those who have invested some money here, as soon as they observe some eventual fall in the price of bitcoin.

At some point I read an article in which bitcoin was already among the 20 most important currencies in the world (displacing many fiat currencies), so I have no doubt that the growth potential of this market is still immense and we can still consider ourselves as early adopters.
Yes, we will just wait for that. We must not think of a negative one for we all know that crypto currency is the new ways to cope with the new world whose technology always in progress.
legendary
Activity: 2898
Merit: 1823
Lightning is also very much in early beta.  There's so much more to come.  People need to be patient.

lightning is not bitcoin
lightning is a separate network that will be used by multiple coins.

Technically it is not a "network" or "off-chain. All it is are coins stored in a multi-sig wallet and all "transactions" are stored locally before the latest state of your channel is broadcasted in the Bitcoin network like a normal on-chain transaction.

It is not something you are gaslighting it to be.

Quote
but after the mega laugh i had about your twisting of crap in the other topic earlier. i see you stil not ready to learn. so go in peace and have fun.
but.. please do try to learn the fundementals atleast for your own sake

Then mega-laughs on you too for twisting and gaslighting in different topics.
full member
Activity: 337
Merit: 102
I think all the pessimists-it's just beginners who bought unsuccessfully last winter and now lose money. They do not understand that the price drop is temporary and bitcoin is still great.
legendary
Activity: 4410
Merit: 4766
Lightning is also very much in early beta.  There's so much more to come.  People need to be patient.

lightning is not bitcoin
lightning is a separate network that will be used by multiple coins.

but after the mega laugh i had about your twisting of crap in the other topic earlier. i see you stil not ready to learn. so go in peace and have fun.
but.. please do try to learn the fundementals atleast for your own sake
legendary
Activity: 4410
Merit: 4766
There's too many newbies on board yet. The hate for bitcoin must be real, we need to see all the casuals that entered in the last FOMO season out, because these guys aren't thinking rationally, they don't understand the fundamentals and they don't therefore understand the inherent value of bitcoin.

the problem is that the 2014-2018 FOMO's are now riding a train they think they need to convince others to jump onboard so that they can jump off..
they over promise and underadvise. they spout a utopian dream but not the reality. and as such many newbies want a utopia but find that the devs are saying blockchain is broke and only counter pary signing accounts are the future.
thus get dis heartened.

we really need to get rid of the paid devs who are stiffling bitcoin to push in the other networks of banking 2.0 .. to reinnovate bitcoins mainnet for mainnet use. and reinvigorate the maiin net utility. then bitcoin will grow like it was doing years ago
legendary
Activity: 3542
Merit: 1965
Leading Crypto Sports Betting & Casino Platform
I think the crypto market is just in an initial stage of expansion and occupies a very small and insignificant place in the global economy. For that reason I do not understand the great pessimism that many times is observed in those who have invested some money here, as soon as they observe some eventual fall in the price of bitcoin.

At some point I read an article in which bitcoin was already among the 20 most important currencies in the world (displacing many fiat currencies), so I have no doubt that the growth potential of this market is still immense and we can still consider ourselves as early adopters.

So which articles are those? Source..  Huh Many countries does not acknowledge Bitcoin as a currency, so I am curious. The problem with Bitcoin investors these days are the fact that everyone is expecting a repeat performance of 2017 and now that it is not performing in the same way, people tend to trash it with pessimism.

In the beginning it was all about the technology and lately it is all about price.  Roll Eyes
full member
Activity: 1050
Merit: 149
Hire Bitcointalk Camp. Manager @ r7promotions.com
There's too many newbies on board yet. The hate for bitcoin must be real, we need to see all the casuals that entered in the last FOMO season out, because these guys aren't thinking rationally, they don't understand the fundamentals and they don't therefore understand the inherent value of bitcoin.

Of course bitcoin is insanely tiny compared to what it is and where it should be. I mean Jeff Bezos' fortune is bigger than bitcoin, how stupid one would need to be to not see how insanely undervalued bitcoin is? very, and these are exactly the type of people we need to see dumping. Once they are all out we'll go for a new all time high as the smart people that see these facts are waiting for that to happen to enter the market.

The fact is that we need both strong and weak hands to help support this market because the weak hands outnumber the strong hands by a big margin. More and more people need to continue investing into this market to help it grow. We have no idea when the market will explode again, but all we can do is encourage others to check out this market and see if they like it. Bitcoin adoption will continue to increase with time which is why I am not really concerned about this honestly.
member
Activity: 378
Merit: 10
I think the crypto market is just in an initial stage of expansion and occupies a very small and insignificant place in the global economy. For that reason I do not understand the great pessimism that many times is observed in those who have invested some money here, as soon as they observe some eventual fall in the price of bitcoin.

At some point I read an article in which bitcoin was already among the 20 most important currencies in the world (displacing many fiat currencies), so I have no doubt that the growth potential of this market is still immense and we can still consider ourselves as early adopters.
Yes, it doesn't help being a pessimistic for it will pull us down. The growth of the market is in our hands being the believers of bitcoin. Let us spread that bitcoin is still immense in the crypto world!
legendary
Activity: 3472
Merit: 10611
I think the crypto market is just in an initial stage of expansion and occupies a very small and insignificant place in the global economy.

the "crypto market" consists of bitcoin and about 2000 altcoins which 95% of them are pure shitcoins. so you can not start a topic by saying "bitcoin potential is immense" and then follow it up with talking about the crypto market as a whole! bitcoin having potential means bitcoin will grow in the future and it has nothing to do with the growth of others or lack thereof. majority of the altcoins can not have a sustainable growth because of all the flaws they have and also the fact that majority of them are pump and dumps.
legendary
Activity: 3948
Merit: 3191
Leave no FUD unchallenged
It's an important point that everyone tends to forget because it's something that works so well:

Bitcoin is still effectively in beta.

People spend so long fixating on the price swings that they totally forget about how much stuff is still on the to-do list.  A 0.x version generally denotes software that isn't deemed a full release candidate yet and the latest Bitcoin Core is 0.16.2 so clearly still beta software.  Lightning is also very much in early beta.  There's so much more to come.  People need to be patient.
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