Today's investors do not care about Bitcoin - page 3.

franky1

legendary

Activity: 4410

Merit: 4788

people have been spun the doomsday of data bloat.
seriously, they have been misguided by fake stories of gigabytes a day and terrabytes a month.. which even with dynamic scaling proposed last year and this year wont ever get to that scale, in any time anyone needs to worry about

so here it is the last 8 years worth of data
yep thats right 8 years of international financial transactions, fitting on the same size as a fingernail.

the reason why the real world doesnt care about 100gb is simple. you dont see people crying over the data needed to run Call of Duty games or a true blue ray boxset download yet millions of people play /watch that stuff all the time.

aso118

legendary

Activity: 1918

Merit: 1012

★Nitrogensports.eu★

Quote from: GenTarkin on January 04, 2017, 09:38:49 PM

countryfree: the funny thing is .... even with all these "scalability problems" ... bitcoin continues to function perfectly fine, as long as you know what you're doing or you're patient when it comes to transaction / confirmation times.

Also, its a damn good thing segwit has so little support ... the last thing we need is btc being undermined by people who want to centrally control it. FUCK THEM!

The point is not whether Bitcoin is "functional". The scalability problems have resulted in BTC not being able to reach its full potential. That in turn is holding back its adoption, and in turn its price.

Shady

full member

Activity: 294

Merit: 100

Life is a game, you either play it or get played.

In my start I was looking at Bitcoin as an investment, but never started with it because I wanted to learn the stock market first.

To be honest either one I got into would've paid off tremendously, even choosing stocks my asset value increases like current daily BTC gains without the fall or scare.

Just worry about the econom and amount in circulation as most days, even with alternative cryptocurrencies yield tremendous gains.

countryfree

legendary

Activity: 3066

Merit: 1047

Your country may be your worst enemy

Quote from: Kakmakr on January 05, 2017, 01:09:42 AM

OP, place yourself in the shoes of the people you are talking about, and be honest in your answer. Given the situation that they are under now, and if you were in their shoes, would you not do the same? Would you care about the technology, if your wealth were in danger?

Let's swap hats and see if we can really blame them for everything. ^hmmmm^

A true investor would capitalize on this situation, and take the opportunity to make some profits whilst the markets are in turmoil.

Good point! I guess I could have done the same thing, but this is no investment, nor any sign of support towards BTC.

I make the difference between investor and speculator. I'm an investor, which means I'm checking BTC's price once or twice a month. I'm playing long term, with no plan to sell my BTC this decade (except for small expenses like on Fiverr).

Kakmakr

legendary

Activity: 3542

Merit: 1965

Leading Crypto Sports Betting & Casino Platform

OP, place yourself in the shoes of the people you are talking about, and be honest in your answer. Given the situation that they are under now, and if you were in their shoes, would you not do the same? Would you care about the technology, if your wealth were in danger?

Let's swap hats and see if we can really blame them for everything. ^hmmmm^

A true investor would capitalize on this situation, and take the opportunity to make some profits whilst the markets are in turmoil.

Laviathon

sr. member

Activity: 481

Merit: 264

BCMonster.com BTC ZEN HUSH KMD ARRR VRSC ACH RFOX

The core is well over 100 GB already which i think is what you were trying to say in the beginning. Why is it that you think investors don't want to diversify into bitcoin?

dearbesz1219

hero member

Activity: 924

Merit: 500

Quote from: BitcoinBarrel on January 04, 2017, 09:49:46 PM

Been using Bitcoin every day since 2013, no complaints! It's a very practical peer-2-peer transfer of value.

Traditional investors are always cautious of "digital assets" but such new innovations don't come around often!

I do agreed with pal, perhaps in the people who do not care about in bitcoin these are the people who are totally blinded in the concepts that bitcoin has. All they know is their investment will surely get interest into it. But in the main purpose of bitcoin in the community they don't care really care about it, it is just for them its all about money only.

BitcoinBarrel

legendary

Activity: 2026

Merit: 1034

Fill Your Barrel with Bitcoins!

Been using Bitcoin every day since 2013, no complaints! It's a very practical peer-2-peer transfer of value.

Traditional investors are always cautious of "digital assets" but such new innovations don't come around often!

GenTarkin

legendary

Activity: 2450

Merit: 1002

countryfree: the funny thing is .... even with all these "scalability problems" ... bitcoin continues to function perfectly fine, as long as you know what you're doing or you're patient when it comes to transaction / confirmation times.

Also, its a damn good thing segwit has so little support ... the last thing we need is btc being undermined by people who want to centrally control it. FUCK THEM!

Lauren Smith

sr. member

Activity: 1050

Merit: 277

Today's investors do not care about bitcoin ? What investors are these ? Monopoly money investors ? Please show me a better investment than bitcoin and I will show you a liar. If someone is ignorant over bitcoin then maybe they not really investor material. I mean if you unable to know a good thing when you see it then you probably have no business investing anyway. What you wanna buy gold ? Lol yea...

aso118

legendary

Activity: 1918

Merit: 1012

★Nitrogensports.eu★

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.

countryfree

legendary

Activity: 3066

Merit: 1047

Your country may be your worst enemy

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.

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