Today's investors do not care about Bitcoin

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Quote from: Tanic on January 21, 2017, 05:48:42 PM

That's just a crap that investors don't care about bitcoin. Bitcoin already have many examples of people who get rich with bitcoin, those people who bought bitcoin in the most beginning for the price like 20$ are must be millionaires today! Such stories just cannot attract the interest from professional investors and beginners.

I think investors are afraid to lose because of anonymity of bitcoin they do not when how long bitcoin will live for a long time..
We know many people area already rich by bitcoins as an example but there is no assurance that bitcoin will stay long..
But i think for those who are believing in bitcoin they are still investing in bitcoin and scaling up their earnings..

eaLiTy

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Quote from: aso118 on January 04, 2017, 06:42:03 PM

Quote from: countryfree on January 04, 2017, 06:37:48 PM

Cautious investors like me are waiting for a clearer future before buying anymore BTC, but to my great surprise, BTC keeps on going up and up. So I have the feeling that the people from China or India (or other places) who are pushing up the price just don't care about BTC. They just want to escape their country's regulations, or failing currency, and that's not good.

People from China or India snapping up bitcoins is proof of its utility. It shows the rest of the world the perils of fiat, if the government decides to move in the wrong direction.Today's investors may not be passionate about Bitcoin; they are the practical ones.

I am not sure you can compare the usage of bitcoin in China along with India as the percentage of users are really low in India compared to the rest of the world.I have not heard about a large mining farm in India and the current price of bitcoin in the Indian exchanges are mainly due the affects of demonetization and nothing else. Most of them are in this platform to make some profit while they can.

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Very few people spend bitcoin, they hoard it. And for that ot doesn't matter so much how much network congestion there is, does it?

And as far as the statement in the title: bullshit. Look at the price. The market disagees wholeheartedly.

Tanic

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That's just a crap that investors don't care about bitcoin. Bitcoin already have many examples of people who get rich with bitcoin, those people who bought bitcoin in the most beginning for the price like 20$ are must be millionaires today! Such stories just cannot attract the interest from professional investors and beginners.

BestWebCreator

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To say that investors do not care about bitcoins might be rather untruthful. Infact, it has been proven that world richest men today had earlier invested in bitcoins. Money not invested in bitcoin, is as good as money that you don't need. I have spoken with some renowned men in the world, and I tell you this for free that, indeed Bitcoin is where the heart of investors is. Everyone should buy bitcoin

European Central Bank

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Quote from: franky1 on January 05, 2017, 08:01:07 PM

people have been spun the doomsday of data bloat.

it's not blockchain size. it's bandwidth. there's a thread on r/bitcoin by a guy who's been running a node at home. his upload last friday was 80gb. there's no way my provider would permit that and the same goes for an awful lot of other people.

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Quote from: countryfree on January 09, 2017, 06:11:56 PM

Quote from: iram3130 on January 06, 2017, 11:39:46 AM

Quote from: Juggy777 on January 06, 2017, 11:04:24 AM

I think the Op is trying to say that current users and especially the ones from India and China, do not understand btc, all they saw a loophole and they used it fully. That's a valid concern and I. Don't think he is wrong to voice it out, this has actually spooked the btc price and yes one could say users have increased, people are using but this are temporary and they shall exit leaving a hole in the Bitcoin and we all should be ready to brace for a storm.

No investor will invest their money without understanding the profits or risks they are getting into.

Wrong, it's happening all the time, just like in the stock market. Some stocks are hot, so plenty of ignorant folks rush to buy from the smart guys, then suddenly, the markets changes and all the newcomers are losing. Some folks got into BTC when it was over $1,000, and they already lost more than a tenth of their investment. It's bad for BTC, because those people people will spread the word that BTC is terrible.

This what you were telling was long back, now all of them are smart enough and before entering any market they make sure what type of market and what are their risk, and even if they have entered in 1k usd price then they know it that they are investing in long term.

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Quote from: iram3130 on January 06, 2017, 11:39:46 AM

Quote from: Juggy777 on January 06, 2017, 11:04:24 AM

I think the Op is trying to say that current users and especially the ones from India and China, do not understand btc, all they saw a loophole and they used it fully. That's a valid concern and I. Don't think he is wrong to voice it out, this has actually spooked the btc price and yes one could say users have increased, people are using but this are temporary and they shall exit leaving a hole in the Bitcoin and we all should be ready to brace for a storm.

No investor will invest their money without understanding the profits or risks they are getting into.

Wrong, it's happening all the time, just like in the stock market. Some stocks are hot, so plenty of ignorant folks rush to buy from the smart guys, then suddenly, the markets changes and all the newcomers are losing. Some folks got into BTC when it was over $1,000, and they already lost more than a tenth of their investment. It's bad for BTC, because those people people will spread the word that BTC is terrible.

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Quote from: GMPoison on January 06, 2017, 09:05:37 AM

We have to make them want to care. We will make them care.

How will we do this??

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The price actually was rising abnormally, as the OP said, but now we are seeing the consequences of it. I think if people were paying more attention to technical aspects, we would have a higher percentage of blocks signaling SegWit support, and this could certainly help the price rise in a stronger and more stable way. As said in the OP, stable and organic growth is more important than a quick pump.

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Quote from: Mometaskers on January 06, 2017, 02:20:30 PM

Well it seems most of the people truly are investors or casual users. I myself are one of those who do not know much the technicalities. People are starting to see it as a store of value because of increasing instability and would buy even without enough knowledge of it. True the big increase in exchange can be a bit unnerving but it's making people more aware of bitcoin's existence and that is always a good thing. Mind you, many of us also probably don't know how fiat works. I for example only know that the government increases or decreases supply as it see fit.

Just a little observation, in theory the governments can increase or decrease the amount of fiat in circulation, but while they do increase the amount of fiat in circulation, they never decrease it, to decrease the money supply is something that belongs to economical theory but it never happens in real life.

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Quote from: countryfree on January 04, 2017, 06:37:48 PM

We shall not hide from the difficulties. The blockchain will be 100 go before the end of winter, but nobody cares about that.

BTC has problems. Scalability's being the biggest one. I remember Mike Hearn saying that BTC has failed, a year ago. We may not like him, but the problems he talked about were real, and still aren't solved. Far from it. SegWit looked like a promising solution, but after 6 weeks, it has less than 30% support, with barely 4% gained in the last 30 days. At this rate, it will take years for SegWit to pass. Is there a plan B?

Cautious investors like me are waiting for a clearer future before buying anymore BTC, but to my great surprise, BTC keeps on going up and up. So I have the feeling that the people from China or India (or other places) who are pushing up the price just don't care about BTC. They just want to escape their country's regulations, or failing currency, and that's not good.

I got in the BTC bandwagon because I believed in a decentralized government-free currency, but those newcomers just got in because they saw an opportunity for fleeing. They might flee again fast if somehow they lose confidence in BTC.

As a rule of thumb, slow, stable growth is always better to sudden quick changes.

No one needs to care about Bitcoin. Bitcoin isn't a cult. Everything has problems. They eventually get fixed. Bitcoins problems will definitely get fixed because there are too many big investors driving Bitcoin to let it fail.

People from China or India are just using it to hide money. Great that means they've learned how to use it and they're using it. Their understanding of how Bitcoin works will never go away.

Day traders, forex traders and speculators of all kinds are just using Bitcoin for profit. They don't care about Bitcoin at all. Great that means they've learned how to use it and they're using it. Their understanding of how Bitcoin works will never go away.

No one needs to fall in love with the things you like about Bitcoin. They'll benefit from that whether they like it or not. We just need people to use bitcoin, not pray to it.

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Quote from: mrcash02 on January 06, 2017, 12:43:31 PM

That is the public using BTCs, proof that BTC is already a success and many people are using it. If Bitcoin has limitations it's not their fault, but BTC fault. Surely something must be done, the currently amount of Bitcoin investors is too low compared with the world's population, if Bitcoin wants to be a currency used by all the world this is the biggest issue that must be correct, improved. But the question is, what could be done?

There are whales, and big investment around bitcoin, sure the intentions is to achieve roi, and maximize their profit, nowadays people does join bitcoin world to make easy money, not interested into the big issues like the block size as well what will happen once the mine period ends. The more bitcoin grow the harder becomes to give support, remember that most crypto community has a regular job and nothing besides those.
The most bitcoin community members had invested maybe 5000- 50000 dollars at bitcoin, some had been able to get more at the moment, but the thing is bitcoin pump costed milions and we dont have those. Nowadays only the whales and big miners are able to afford to make such pumps at bitcoin, even with us trying to help we cant.

Mometaskers

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Well it seems most of the people truly are investors or casual users. I myself are one of those who do not know much the technicalities. People are starting to see it as a store of value because of increasing instability and would buy even without enough knowledge of it. True the big increase in exchange can be a bit unnerving but it's making people more aware of bitcoin's existence and that is always a good thing. Mind you, many of us also probably don't know how fiat works. I for example only know that the government increases or decreases supply as it see fit.

South Park

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Quote from: countryfree on January 04, 2017, 06:37:48 PM

We shall not hide from the difficulties. The blockchain will be 100 go before the end of winter, but nobody cares about that.

BTC has problems. Scalability's being the biggest one. I remember Mike Hearn saying that BTC has failed, a year ago. We may not like him, but the problems he talked about were real, and still aren't solved. Far from it. SegWit looked like a promising solution, but after 6 weeks, it has less than 30% support, with barely 4% gained in the last 30 days. At this rate, it will take years for SegWit to pass. Is there a plan B?

Cautious investors like me are waiting for a clearer future before buying anymore BTC, but to my great surprise, BTC keeps on going up and up. So I have the feeling that the people from China or India (or other places) who are pushing up the price just don't care about BTC. They just want to escape their country's regulations, or failing currency, and that's not good.

I got in the BTC bandwagon because I believed in a decentralized government-free currency, but those newcomers just got in because they saw an opportunity for fleeing. They might flee again fast if somehow they lose confidence in BTC.

As a rule of thumb, slow, stable growth is always better to sudden quick changes.

I don’t see any problem, as long as people use bitcoin that is fine, bitcoin is a currency and people will use it for all the same reasons we use our everyday currency, what you describe is nothing new when the USSR was collapsing, many of its citizens fled to other countries and purchase dollars instead of keeping their national currency.

mrcash02

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That is the public using BTCs, proof that BTC is already a success and many people are using it. If Bitcoin has limitations it's not their fault, but BTC fault. Surely something must be done, the currently amount of Bitcoin investors is too low compared with the world's population, if Bitcoin wants to be a currency used by all the world this is the biggest issue that must be correct, improved. But the question is, what could be done?

pedrog

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Quote from: countryfree on January 04, 2017, 06:37:48 PM

We shall not hide from the difficulties. The blockchain will be 100 go before the end of winter, but nobody cares about that.

BTC has problems. Scalability's being the biggest one. I remember Mike Hearn saying that BTC has failed, a year ago. We may not like him, but the problems he talked about were real, and still aren't solved. Far from it. SegWit looked like a promising solution, but after 6 weeks, it has less than 30% support, with barely 4% gained in the last 30 days. At this rate, it will take years for SegWit to pass. Is there a plan B?

Cautious investors like me are waiting for a clearer future before buying anymore BTC, but to my great surprise, BTC keeps on going up and up. So I have the feeling that the people from China or India (or other places) who are pushing up the price just don't care about BTC. They just want to escape their country's regulations, or failing currency, and that's not good.

I got in the BTC bandwagon because I believed in a decentralized government-free currency, but those newcomers just got in because they saw an opportunity for fleeing. They might flee again fast if somehow they lose confidence in BTC.

As a rule of thumb, slow, stable growth is always better to sudden quick changes.

They will care when they aren't able to move their bitcoin because there 548663254 transactions awaiting confirmation, this might reflect on the price when people start noticing the limitations, may other coins rise...

YuginKadoya

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I think it is the idea of bitcoin people can't really control it's movement and not just one person can utilize bitcoin for himself because it is on the community of bitcoin users and if you are having a doubt on bitcoin that it will went down when you would invest your bitcoin then do not invest so you wouldn't lose your bitcoin you can not see the future of bitcoin all we can do is ride on the flow of it and hope for the best in the future!

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Quote from: n2004al on January 06, 2017, 10:43:36 AM

Today's investors do not care about bitcoin? Have not hear such strange thing so far. The price of bitcoin the last of three months and the volume of trade of bitcoin in all the biggest or not exchanges seems that testify the opposite.

Probably meant a huge chunk of the BTCBTCBTC 'investors' are here to short trade for profit. Well you can't remove that in any commodity, even in stocks. At least they do good for the volume.

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Quote from: Juggy777 on January 06, 2017, 11:04:24 AM

I think the Op is trying to say that current users and especially the ones from India and China, do not understand btc, all they saw a loophole and they used it fully. That's a valid concern and I. Don't think he is wrong to voice it out, this has actually spooked the btc price and yes one could say users have increased, people are using but this are temporary and they shall exit leaving a hole in the Bitcoin and we all should be ready to brace for a storm.

No investor will invest their money without understanding the profits or risks they are getting into. It doesn't matter if they are from China or India. Investors won't be interested in losing their money. Rather there are many outlets and companies who started to use Bitcoins in their payment gateway.

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