Topic: What we were dreaming, now is the reality! - page 2. (Read 444 times)

remembering the unforgettable past, whether I was a part of it all or not. but I am very happy to hear that so far it has made us want to return to those times. ah never mind as a parent I enjoy this struggle. bitcoin is growing more mature, so it will really grow day by day.

That's the breaking point that allows more people to learn this system, after PayPal joined the ride the market reacts positively, we've seen

more good market movements even the situation during this pandemic didn't stop bitcoin to continue moving forward, the dream before are

now being happily enjoyed especially for those who manage to store their assets and now seeing the actual value.

Perhaps people don't need bitcoin as a means of payment? 

The main advantage of Bitcoin is that it is a deflationary asset.  Also its value is that the Bitcoin network is decentralized. 

Why do people need a new payment system?  Don't people have the ability to buy coffee or a pack of cigarettes with a bank card?  At the same time, humanity really needs a worldwide decentralized reserve currency. 

Many countries do not trust each other.  People want to save their capital from inflation.  In our volatile world, there is a need for a deflationary asset.

It became so real to me when PayPal made their announcement, I was a bit surprised to learn that a company like PayPal have agreed to include the acceptance of btc among their services, and then there ws another headline about the US lawmaker proposing the use of btc curb their economic crisis, this are things a btc supporters can only dream of back in the days, but now it is no longer a dream,
With much persistent, institutions are joining and more are also planning on joining 

Basically people talk about something when its enough potential and have bright future. I am agree with you that few years back people were talking about the legality of bitcoin and its real use. At the same moment some people took their best decision and now enjoying the result of their investment. Yeah its true that there was a time when we were talking about bitcoin expected price where some were expecting it will never touch 20k. Its quite common and we can't blame them for their negative thinking about bitcoin because when is a matter of investment you will have to keep both minds open for it but now bitcoin have already showed its worldwide popularity and demand.

I believe in upcoming days we will gonna see lot more things where bitcoin price can get lower or much higher but people's negativity and fear about bitcoin will be decreased for sure.
 
Holders are always winners but you jut have to know when to hold and when its time to sell. In most cases traders are making much profit than holders by continuing their trades and they are continuously increasing the amount of bitcoin on their wallet. Although i suggest people not to start trading without gathering proper knowledge about this field but in recent time a big number of bitcoin holders are choosing trading as their source of regular income.   

The fact is that the hopes and efforts of the bitcoin community in general and in particular have been fought for have come true. This is where the role of the bitcoin community becomes an important indicator in the development of bitcoin from year to year. Although still on a small scale, they are still part of it. And we as newcomers are grateful that without your hard work, we wouldn't have been able to love Bitcoin this far.

Still, a lot of the so called "experts" believe that bitcoin is in a bubble, and are too stubborn to change their beliefs and accept how the world is progressing. No doubt, bitcoin, or atleast a form of cryptocurrency is probably one of the currencies that will drive the future, but even though we are excited, we do have to accept the flaws. High transaction fees and long block confirmation times play a major role in hindering widespread bitcoin adoption in day-to-day usage. Also, the volatility of the market does tend to discourage consumers from using it. Some new technologies and updates like SegWit and the Lightning Network are working to get these issues ironed out, but each has their own pros and cons.

That being said, its no denying that as the adoption of bitcoin increases, its market cap will too, and its been a great thing for long time HODLers who sold in the recent ATH/planning to do so in the future. I unfortunately used a lot of it up lol, so thats a shame, but I guess we do learn from our mistakes eh?

I now regret not getting rid of my bitcoins in time. Unfortunately, I made the wrong decision a couple of years ago

The ones who survived are the ones who knew it will be worth a lot in future and if possible, should continue to hold it irrespective of falls in between it has come through. It is a roller coaster rise always with bitcoin so those who feared would have sold it and unless they had bought back again, they are just witnessing as an audience these new heights. This high of touching 40k might be a big change it can bring in 2021 as those who were still out might now jump in to buy and become part of it too.

We have institutional investments and high price as well as people who profited from this immensely, but I don't think we have mass adoption of Bitcoin as money. It's still a dream, and we didn't move significantly in that direction since 2017 from what I see. People barely mention Bitcoin as something to buy stuff with these days, and even when businesses "adopt" Bitcoin, it turns out they're transferring funds to BTC instead of letting people pay for goods and services with it. And I find it deeply disturbing that even though Bitcoin is clearly gaining more trust and popularity, it's a very unpopular thought nowadays.

Mass adoption is the biggest problem that we need to tackle because bitcoin has a limited supply and there a lot of coins that are lost in the cyberspace or in dumpsters. My dream is for gold to become the most recommended asset than any other investments out there, with this one, it is more likely that we can reach this goal rather than pushing for the former(mass adoption).

Last year it made me reflect a lot about Bitcoin, never before had I been so attentive day by day to what was happening around it.
The pandemic has been the most shocking event in my life but as time went by I was able to allay my fears by watching the behavior of bitcoin.

We have received important news around it which shows that it is marking a before and after in our economy. Resulting in the technological advances that will transform the digital economy by using blockchains, bitcoin, crypto and new digital assets.

That is true, years ago, a lot of people doubted Bitcoin, its potentials and what it stands to offer in the future, many even got fed up that they sold their Bitcoins for peanuts, some gave up because the anticipated price or ATH was not forthcoming and some also got fed up because the anticipated mass adoption was not forthcoming, but in the space of a year everything changed even in a time where every country is battling with their economy due to Covid-19. It was last year that many platforms, adopted Bitcoin, it was also last year that a big attention was channelled on Bitcoin by institutional investors thus seeing the price growing as massive as any one could imagine. Because of the potential and value achieved, many people who lost or misplaced their private keys started looking for it, this is to show how valuable Bitcoin really is and will be in the future.
Also, the lesson to learn from Bitcoin thus far is that, the future of Bitcoin is very bright and that although there will be many ups and downs, although there will be many challenges but let it be known that, Bitcoin has come to stay with us and of course will keep enriching those who believes in it.

True but to be fair we are still very far from mass adoption and the real dream about bitcoin was never about some arbitrary price target to be reached but for it to be used all around the world as a "peer to peer electronic cash system". When you see people still call bitcoin an "asset" (even in this topic), a store of value, gold 2.0,... you know that the dream is far away from becoming a reality still.
Interestingly enough part of it is because of the price rise since when price keeps going up people view bitcoin as more of an investment rather than a currency.

The FUDs did work their magic on making people panic somehow but we still stood by and now here we are at the top. When the time that the bear comes back, FUDs will start pouring and we will still do the same as we did back then. Good thing about FUDs is that they keep bitcoin being a relevant topic which could catch an eye for someone that might want to invest and get their lives changed. We do not have to be a sycophant about what is happening though, the market is not perfect so we should know when to separate reality from the hype, no sense being in a bitcoin circlejerk.

Most believer always had that faith that the price will be trading above $20k at some point. The signs where just everywhere, the demand was continuously increasing while supply was decreasing as a result of more investors buying bitcoin off the exchange and storing in their cold wallet. Also the halving mechanisms was superb for decreasing the circulation of bitcoin in the market.

Everything was pre set-up. Bitcoin was the perfect investment for the future, it has it all what a promising investment should have. We're still very early as there are more opportunity for growths in the future. The institutional investors are coming in steadily but this isn't their best, there's more incoming and the best thing to do now is get in solid position by buying bitcoin (that's if you don't have have any yet) and for those that already have, they should increase their portfolios holding.

Steadily the industry will dominate the financial industry, we're yet to see the government adopting the technology. When that happens then we can fully say our dreams hads been fulfilled as I believe that's what most enthusiast are waiting on although it shouldn't be so.

I guess though it's inevitable, it is bound to happen and it just speed up when the Covid-19 infection spread (I'm not saying that we have to thank that, because it's not when millions are dying). But with government printing money and QE, retail and institutions will have to look for ways to hedge their wealth and Bitcoin is the answer.

That's why we have seen it's tremendous growth at the end of the year, breaking all time high after all time high in record numbers.

Well the reason is there are too many institutions or big people in industries that believe in bitcoin and now they are also accumulating bitcoin. I want to congratulate people who were not able to convert their bitcoin to fiat during crisis time and that was the time when there is a pandemic. People at that time were in a financial problem status and for sure some of them converted their bitcoin to fiat and now they will perhaps regret to see that bitcoin was pumped up doubled than we expected. Indeed, congratulation on everyone who gained a profit by the bullish time.

You are bringing back discussions from maybe 4 years ago but there are far better threads on this forum.

6 years ago people thought it was the end of Bitcoin and we'd never see 1000 USD again after that Gox fuckup. You could see people calling others bagholders because they did not sell at 1000 dollars.
Time flies. I'm sure we'll see many similar situations in the next 5 years. It's hard to imagine but there will be people complaining about not buying at 50 thousand when it was still cheap

Actually i probably witnesses many talking about bitcoin power. Because it's a first cryptocurrency that's why everyone support bitcoin as well. I was hearing hardship since btc price was 900$. It's now 40x obviously. Obviously bitcoin will be always volatile assets. Buy the dip when negative occur, sell like a king.