Topic: What do you say to the naysayers even now as BTC and Crypto reaches $1Trillion? (Read 155 times)
January 09, 2018, 12:01:20 AM
the critics that are criticizing the total market cap of all the cryptocurrencies have a good point criticizing it because as it was said the total market cap of all the crytocurrencies is mainly fake because there are huge number of shitcoins with lots of fake "circulating supply". most of them have premines and other shenanigans to increase their supply. and when a coin with only $2 price has half the market cap of bitcoin with $15000+ price you should know there is something wrong there...
January 08, 2018, 11:55:04 PM
Just buy them coffee and then very casually say....no no this is covered by crypto bro...I got this...do it a few times 
January 08, 2018, 11:38:38 PM
The market value of Cryptos is bound to exceed one trillion. This is just a matter of time, and they will pay high chips for the later investors. Of course, bitcoin is not a function of investment, I think in the next five years, there are a lot of cryptographic applications that will enter our lives.
January 08, 2018, 11:23:41 PM
Bitcoin will never run out of critics. They’ll still be here even if it reaches $2T. Some are just too proud to admit that they were wrong but are now secretly into cryptocurrency. 
January 08, 2018, 12:50:19 PM
They will end up being laggards anyway and that would serve them right at the end of it all. They serve a purpose too anyway and at the end of it all, it shows us everyday that BTC and crypto at large is unstoppable and this is a huge world on its own that naysayers and rubbish spewers who apparently do not have a single knowledge about blockchain tech, the crypto world and so on, will only have themselves to blame later on.
January 08, 2018, 12:45:52 PM
There are so many critics out there in the world, but as every day passes, we see the market cap of Cryptos get closer to $1 Trillion.
At what market cap will these critics turn out to be suppoters?
Do they need to see every single human being use it before they decide to join in on the finance revolution?
At what market cap will these critics turn out to be suppoters?
Do they need to see every single human being use it before they decide to join in on the finance revolution?
You don't have to say anything, this is not a religion, not a sports team, not a company, if this technology is useful, time will prove it.
January 08, 2018, 12:35:45 PM
Even if it is "the biggest bubble ever", this does not mean that you can't make a boatload of money before the end.
Of course, but this thread is about whether these rises have any genuine credibility. I think it's fairly clear that it's looking sillier with every fictional dollar added to those ballooning market caps out there.
January 08, 2018, 12:33:07 PM
Even if it is "the biggest bubble ever", this does not mean that you can't make a boatload of money before the end. This appears to be the case for many. For those just getting in, you may win yet, but it is a much riskier venture than it was a year ago.
January 08, 2018, 12:30:55 PM
Them: Biggest bubble ever!
Me: I totally agree.
Them: It's irrational to argue that the absurd price is justified because it is so high.
Me: I totally agree.
Them: You are a fool to be investing at these inflated prices.
Me: I totally agree, but it did pay for my trip to Disneyworld.
Personally, I would like to see just a large number of people actually using cryptocurrencies. Then I might be convinced that these prices are not just speculation and irrational exuberance. In the past, I used Bitcoin, but now I can't because of the transaction fees. Most of my bitcoins are just unspendable dust now.
Me: I totally agree.
Them: It's irrational to argue that the absurd price is justified because it is so high.
Me: I totally agree.
Them: You are a fool to be investing at these inflated prices.
Me: I totally agree, but it did pay for my trip to Disneyworld.
Do they need to see every single human being use it before they decide to join in on the finance revolution?
Personally, I would like to see just a large number of people actually using cryptocurrencies. Then I might be convinced that these prices are not just speculation and irrational exuberance. In the past, I used Bitcoin, but now I can't because of the transaction fees. Most of my bitcoins are just unspendable dust now.
January 08, 2018, 12:28:43 PM
When a lot of that near trillion is made up of the shocking junk floating around out there I'd say they still have a point. If it was 1 trillion of productive and useful projects I would sneer at them. As it is 1 trillion of uselessness and white papers plus a website they still have the right to sneer at me.
Quality stuff is still the exception.
Quality stuff is still the exception.
January 08, 2018, 12:26:57 PM
There are so many critics out there in the world, but as every day passes, we see the market cap of Cryptos get closer to $1 Trillion.
At what market cap will these critics turn out to be suppoters?
Do they need to see every single human being use it before they decide to join in on the finance revolution?
At what market cap will these critics turn out to be suppoters?
Do they need to see every single human being use it before they decide to join in on the finance revolution?
Market cap gets people's attention but does not convince them in the long run. People that get "convinced" merely by market cap lose their conviction just as fast when the market busts. It's only when people start looking beyond market cap that they become true supporters -- or constructive critics. Regardless of whether they are invested or not.
[...]
(Yes, it’s unfair for me to use a misleading chart but tough luck - cryptocurrencies are in a massive bubble and I am going to do my part to pop it before more people put their life savings into cryptocurrencies.)
(Yes, it’s unfair for me to use a misleading chart but tough luck - cryptocurrencies are in a massive bubble and I am going to do my part to pop it before more people put their life savings into cryptocurrencies.)
How exactly does one approach this? Do you try educating people on the limitations of crypto or are you simply telling people that cryptocurrencies are in a massive bubble?
January 08, 2018, 11:58:15 AM
Let’s go through the arguments that many people on Twitter (not exactly a brain trust) have made:
“the cryptocurrency bubble started from a much lower base of $10 billion market cap at the start of the year, so it’s unfair to use percentage increases and compare them to housing, biotech, tech.”
I actually agree with this. NASDAQ, real estate, the biotech index all start from a much bigger USD base. I’d like a comparison to tulips and private dot com startup valuations that went public in 1999 because I think all of them are grossly overvalued. (Yes, it’s unfair for me to use a misleading chart but tough luck - cryptocurrencies are in a massive bubble and I am going to do my part to pop it before more people put their life savings into cryptocurrencies.)
“the cryptocurrency bubble started from a much lower base of $10 billion market cap at the start of the year, so it’s unfair to use percentage increases and compare them to housing, biotech, tech.”
I actually agree with this. NASDAQ, real estate, the biotech index all start from a much bigger USD base. I’d like a comparison to tulips and private dot com startup valuations that went public in 1999 because I think all of them are grossly overvalued. (Yes, it’s unfair for me to use a misleading chart but tough luck - cryptocurrencies are in a massive bubble and I am going to do my part to pop it before more people put their life savings into cryptocurrencies.)
January 08, 2018, 04:36:41 AM
There are so many critics out there in the world, but as every day passes, we see the market cap of Cryptos get closer to $1 Trillion.
At what market cap will these critics turn out to be suppoters?
Do they need to see every single human being use it before they decide to join in on the finance revolution?
At what market cap will these critics turn out to be suppoters?
Do they need to see every single human being use it before they decide to join in on the finance revolution?
Naysayers will always be there whenever any new thing will open up. So first and foremost thing we need to do is ignore them for our own good. If we believe in something, then stick to it and ignore the naysayers. They are the most irrelevant creatures for any development. So the more we ignore them, the more positive energy we will have to accomplish any good thing. I agree to that the crypto market cap is heavily inflated and can be manipulated by the big players, but if the price of an asset is constantly on the rise, isn't it the same thing that we all want?
January 08, 2018, 04:17:13 AM
There are so many critics out there in the world, but as every day passes, we see the market cap of Cryptos get closer to $1 Trillion.
At what market cap will these critics turn out to be suppoters?
Do they need to see every single human being use it before they decide to join in on the finance revolution?
At what market cap will these critics turn out to be suppoters?
Do they need to see every single human being use it before they decide to join in on the finance revolution?
Well, we do not have to force them to join us inside the crypto world, you just have to make them see it through your actions and be successful with it.
January 08, 2018, 04:05:23 AM
There is a small population who is using cryptos at the moment that is why there are a lot of skeptics. Once cryptos this year surpass 1 trillion I think most people will give the industry credibility and I don't think we will lose that moving forward.
January 08, 2018, 03:49:03 AM
There are so many critics out there in the world, but as every day passes, we see the market cap of Cryptos get closer to $1 Trillion.
At what market cap will these critics turn out to be suppoters?
Do they need to see every single human being use it before they decide to join in on the finance revolution?
At what market cap will these critics turn out to be suppoters?
Do they need to see every single human being use it before they decide to join in on the finance revolution?
This is a misleading metric.Especially for shitcoins.
Crypto marketcap is highly manipulated, inflated.
Yes the space is growing,we see this everywhere, media attention, exchanges struggling to verify new users, many boards and forums seing a huge influx of new users etc.
But again, don't focus on this wrong and misleading coinmarketcap.
January 08, 2018, 03:39:17 AM
There are so many critics out there in the world, but as every day passes, we see the market cap of Cryptos get closer to $1 Trillion.
At what market cap will these critics turn out to be suppoters?
Do they need to see every single human being use it before they decide to join in on the finance revolution?
At what market cap will these critics turn out to be suppoters?
Do they need to see every single human being use it before they decide to join in on the finance revolution?
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