Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 21572. (Read 26610037 times)

One of my favorite replies so far here at the forum.

We have many new players coming to bitcoin all the time in the form of retailers, traders and miners mostly.  Yes, the "miners" portion is probably slowing down a little bit but they are still coming.  I see newbies in the mining threads all the time asking questions about mining.  The new one's who come along pick up the slack of any oldies who may have left bitcoin behind.  Especially, the newbies to trading bitcoin.

We are still very early in the game for bitcoin.  It's a new technology to most; much like the internet and email was to most when it first came out.  These things take time.  So, be patient and let the blockchain work things out.

We have many venture capital groups who have invested a lot of money into the technology of the blockchain.  Many user friendly apps for financial institutions will be coming out soon and will change the way billions in the world live their daily lives.  Many here may give up on bitcoin for lack of patience.  However, I know billions on this earth who have yet to even hear of it who will gladly accept it with open arms and give it the support it needs in great numbers.  There is strength in numbers.

As people in other parts of the world come into the fold of technology with smart phones and the like, we will see a increased enthusiasm for bitcoin - the application.  As other applications are created and used on the blockchain [with a relative ease and security] news will go around about the blockchain.  Bitcoin is not the blockchain.  The blockchain is bitcoin.  The blockchain is more than just bitcoin.  The blockchain is MANY things we have yet to see, but will see in time that will change the way we do many things in the future.

So, be patient...  The future is here...  It only needs a little time to play out.  In June of 2007 (eight years ago on June 29) we had the iPhone or the term, "smart phone."  That was only 8 years ago, people. Nobody ever heard the term, "Smart phone" until eight years ago.  Eight years is only a blink of an eye.  The "drama" in the price of bitcoin fluctuation is what it is - "drama."  We haven't had eight years yet with bitcoin. 

Do not fret!  Bitcoin (the app) will have it's day of recompense.  We just need to be patient and wait on the many other things the blockchain can do.  It's all about "the blockchain."  Not bitcoin!  Bitcoin, is only an application on the blockchain.  Be patient and watch how many other apps created using "the blockchain" technology changes the world.  THEN, you will see a change for the better in how the rest of the world values any other applications, such as bitcoin, using the blockchain technology.

All this talk of saying, "If the price goes below this amount, it's over."  I feel the price of bitcoin is directly related to the value of "the blockchain."  If the blockchain does well, then most any application using the blockchain will do well; as long as it's user friendly.  We are making progress in leaps and bounds with "user friendliness" ever since the blockchain and bitcoin first came out.  Give it time folks.  The blockchain and and it's apps [Including Bitcoin] will do wonders for mankind the same way the internet has.  Just give it time. 

Those who give up on it will lose in the end for their lack of patience.  Six years is but a fart in the wind in view of time and how technology changes.  As more time passes, we will see great strides in the blockchain and many user friendly apps using the blockchain technology; including bitcoin.

David