Where should we focus this year? - page 23.

peter0425

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Quote from: Albert211994 on October 03, 2018, 04:46:16 AM

Quote from: Harlot on October 03, 2018, 03:22:27 AM

This is like the "Gluten-free Craze" in the cryptocurrency market everyone knows Blochchain but not everyone knows what it means or even what it does. I think the main idea here is that we should not be part of the people who are in here for the hype as we must understand first what Bitcoin or even Blockchain is and what is causing the hype for them both. Learning and knowing is the things you needed in this young market as we can really get lost if we don't know what we talking about or even what we cryptocurrencies we are investing.

Those who joined because of the hype are probably gone by now. Most of them bought at the top of the price, disillusioned when it dropped and probably hated bitcoin right now. Those who are still here are the ones who really believed in bitcoin, cryptocurrency and blockchain and (bounty hunters).

Lol, probably true. Those left already when the price hits below $10K because if they have bought around the peak price, its almost 50% lost, so for most newbies its going to be unbearable and its a big psychological issue. And those who've decided to stay are pure speculators, whales and smart investors, bounty whores are here to stay as long as we have ICO popping here and there.

jademaxsuy

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Quote from: The Sceptical Chymist on September 29, 2018, 10:04:30 AM

All of this reminds me of the late 1990s. Everyone was sure the internet was going to be the death knell for brick-and-mortar businesses, and internet stocks soared even if the businesses had no viable business plan. It was a crazy time then, and it's looking to be almost as crazy now.

Craziness started when one inventor stating that he was going to build an airplane and so does people laugh him about it. Then here comes the internet, same reaction with the people that are analyzing and thinking beyond the block box.

So, people now are scrutinizing the blockchain technology? I do not think that they are learning on the past since they are still not aware on the trends and the possibilities. Block chain has a lot of use especially in governance where one could see the transparency of the system and less supervision will be needed for block chain will going to record all the doings publicly for them. Relatively, this will eradicate corruption in that certain system.

Maestro75

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www.Artemis.co

Quote from: Reatim on September 30, 2018, 09:24:44 AM

Quote from: maculeth on September 29, 2018, 11:37:39 AM

I would bet that almost 50% of people who enter the crypto world do not necessarily understand 100% of the blockchain itself. they only know where they will invest and will get profit. I myself only know that blockchain is a ledger that records all crypto transactions.

Exactly. Majority will think that blockchain = bitcoin. Lol.

Blockchain is the technology behind almost all crypto right now. Anyways, the more people understands the difference the more they're going to be a smart investors. If they heard that some company invested or uses blockchain technology doesn't mean that bitcoin will go the moon.

You are correct and that is the way most people think about blockchain that it is bitcoin. And anything related to bitcoin is easy money. People do not care how true this is or not. We have to continue talking about this blockchain to educate the people.

Rastafarian

jr. member

Activity: 238

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I would advise we stay much focused on bitcoin incident not withstanding other Altcoins too. I wish to have all these investments as soon as possible so I start to enjoy soon.

tee-rex

hero member

Activity: 742

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Quote from: Albert211994 on October 03, 2018, 04:46:16 AM

Quote from: Harlot on October 03, 2018, 03:22:27 AM

This is like the "Gluten-free Craze" in the cryptocurrency market everyone knows Blochchain but not everyone knows what it means or even what it does. I think the main idea here is that we should not be part of the people who are in here for the hype as we must understand first what Bitcoin or even Blockchain is and what is causing the hype for them both. Learning and knowing is the things you needed in this young market as we can really get lost if we don't know what we talking about or even what we cryptocurrencies we are investing.

Those who joined because of the hype are probably gone by now. Most of them bought at the top of the price, disillusioned when it dropped and probably hated bitcoin right now. Those who are still here are the ones who really believed in bitcoin, cryptocurrency and blockchain and (bounty hunters).

Somehow, people seem to stick to the extremes, or rather think that other people are feeling exactly that way, like "they probably hate bitcoin right now" and "those who really believe in bitcoin and blockchain" as in the second coming (of Satoshi Nakamoto). Why don't you consider a possibility that for many people bitcoin as well as other cryptocurrencies is just a means to an end, and they are not necessarily emotionally excited about it in either way, in the way of love or hate? For example, I mostly use crypto as a tool allowing me to avoid dealing with banks, and it just works for me, though I can't say that I'm overly obsessed with bitcoin or cryptocurrencies in general.

yitzjoe

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Activity: 390

Merit: 11

many of us don't fully understand blockchain completely and only join to make a little money in crypto, so they will be easily fooled by the many fake ICOs like vampire that only suck up your investment funds. learn more about the blockchain and the range they can make and what benefits they can provide, with this we will be more advanced and blockchain will shine

Albert211994

member

Activity: 148

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Quote from: Harlot on October 03, 2018, 03:22:27 AM

This is like the "Gluten-free Craze" in the cryptocurrency market everyone knows Blochchain but not everyone knows what it means or even what it does. I think the main idea here is that we should not be part of the people who are in here for the hype as we must understand first what Bitcoin or even Blockchain is and what is causing the hype for them both. Learning and knowing is the things you needed in this young market as we can really get lost if we don't know what we talking about or even what we cryptocurrencies we are investing.

Those who joined because of the hype are probably gone by now. Most of them bought at the top of the price, disillusioned when it dropped and probably hated bitcoin right now. Those who are still here are the ones who really believed in bitcoin, cryptocurrency and blockchain and (bounty hunters).

justdimin

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www.Crypto.Games: Multiple coins, multiple games

Quote from: Reatim on September 30, 2018, 09:24:44 AM

Quote from: maculeth on September 29, 2018, 11:37:39 AM

I would bet that almost 50% of people who enter the crypto world do not necessarily understand 100% of the blockchain itself. they only know where they will invest and will get profit. I myself only know that blockchain is a ledger that records all crypto transactions.

Exactly. Majority will think that blockchain = bitcoin. Lol.

Blockchain is the technology behind almost all crypto right now. Anyways, the more people understands the difference the more they're going to be a smart investors. If they heard that some company invested or uses blockchain technology doesn't mean that bitcoin will go the moon.

Because majority is not tech savvies and it would be hard honestly to see a layman understand some of the technical details when it comes to blockchain technology

.

What most people understand is probably the application, how things could be over time, and most especially how they can get rich overnight which we know the latter is all most people think about and this is the reason why not being able to understand in particular what blockchain technology is, the disruption it brings and some details on how things would be in the future, it would be hard for them to make better long term plans even in the crypto market.

Harlot

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This is like the "Gluten-free Craze" in the cryptocurrency market everyone knows Blochchain but not everyone knows what it means or even what it does. I think the main idea here is that we should not be part of the people who are in here for the hype as we must understand first what Bitcoin or even Blockchain is and what is causing the hype for them both. Learning and knowing is the things you needed in this young market as we can really get lost if we don't know what we talking about or even what we cryptocurrencies we are investing.

Bunsomjelican

sr. member

Activity: 812

Merit: 251

Quote from: davis196 on September 29, 2018, 07:42:59 AM

The Blockchain is so simple and yet 90% of the people still don't understand how it works.
It's just a bunch of independent computers,who verify transactions by solving complex math tasks.
For that work (solving complex math tasks),they get rewarded with bitcoins.This is also known as bitcoin mining.I guess that this is the most simple explanation of all times. Grin

Great drawing, by the way.

Blockchain technology nowadays was very popular actually, and we all knew that in this field of business. But still lot of the community doesn't know what the real catch of blockchain, even we they've heard it for so many times. And you can never see here that none of the ico project is not related or connected into blockchain, almost all of it are does. Therefore, we need to focus on this trend which is the blockchain technology or the crypto/bitcoin currency.

tee-rex

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Quote from: 1Referee on October 02, 2018, 07:00:29 PM

Quote from: marine4u on October 02, 2018, 05:51:06 PM

Applying blockchain technology to life is very necessary because it brings great efficiency in various fields. Blockchain technology is a huge breakthrough in the current technology 4.0. I believe that blockchain will be more and more popular worldwide.

It all depends on how and where you apply the blockchain as 'technology'.

If we're purely focusing on corporate solutions to enhance efficiency and profitability, you only need a database structure to get the job done. There isn't any sort of advantage a blockchain grants you over a database. Everyone thinks the blockchain is it because of the hype around it, but when you discard all the hype, there isn't much of value left.

Blockchains are useful when it comes to decentralized incentives such as Bitcoin, because you at all times rely on the chain to remain immutable. If you don't need an immutable chain, there is no need for a blockchain, period.

I don't disagree with your point as I'm telling essentially the same all the time. The advantage of the blockchain technology as a variety of database solutions is that it can work in a trustless environment where no one trusts anyone in particular. The real break-through in this area consists in using asymmetric cryptography for providing consensus, that is which records or entries in this database are considered valid and which should be discarded.

Of course, if you are using an in-house network, there is no advantage of using blockchain as it adds unnecessary overhead in terms of complexity, capacity, and maintenance. When everyone trusts everyone else, which is assumed for in-house setups, you would be better off by using a conventional distributed database.

Ridwan Fauzi

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Quote from: vintages on September 29, 2018, 11:29:03 AM

'What is blockchain?' 'I don't know '! Cheesy

This definitely cracked me up! In as much as it is a joke, it still have a very stong meaning backing it up. It's so unfortunate that a lot of people are merely talking about blockchain but still yet they don't know what it truly means. Some just want to flow with the latest topic just because of the fear of being left out.

That's true, some people who came to this place just for investing, no matter what parentage of the investment place he has chosen, their focus is only getting profit. As far as when the crash came they only see on the price and they gone and sell all the assets they have, if he has got a big loss. However, for those who know the parentage of cryptocurrency and till they know blockchain clearly, so there is no anxiety for them to sell their assets in a loss, just hold and leave the price prediction.

Reid

hero member

Activity: 2912

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Most of the problem here in this forum is that.

Something like.
"Yeah let us invest there." After buying the token. "What the hell did we just buy?"
"I do not know but it sounds great."
"People are buying it so I better buy it too."

Sometimes it sounds freaky when people are doing that kind of decisions. Scary too. We dont want them going to bad choices but laziness overcomes.

1Referee

legendary

Activity: 2170

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Quote from: marine4u on October 02, 2018, 05:51:06 PM

Applying blockchain technology to life is very necessary because it brings great efficiency in various fields. Blockchain technology is a huge breakthrough in the current technology 4.0. I believe that blockchain will be more and more popular worldwide.

It all depends on how and where you apply the blockchain as 'technology'.

If we're purely focusing on corporate solutions to enhance efficiency and profitability, you only need a database structure to get the job done. There isn't any sort of advantage a blockchain grants you over a database. Everyone thinks the blockchain is it because of the hype around it, but when you discard all the hype, there isn't much of value left.

Blockchains are useful when it comes to decentralized incentives such as Bitcoin, because you at all times rely on the chain to remain immutable. If you don't need an immutable chain, there is no need for a blockchain, period.

t3m4nc0k

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I still entrust this and will continue to invest and I will hold it until the price will rise and I believe if next year prices will return well

marine4u

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Quote from: jrrsparkles on October 02, 2018, 12:11:30 PM

We no need to be blockchain expert to use the crypto currencies but having the knowledge about the blockchain will help the people to know how the crypto currencies works from the centralized banking system but anyway people don't want about the blockchain since they are investing on the cryptos.

Applying blockchain technology to life is very necessary because it brings great efficiency in various fields. Blockchain technology is a huge breakthrough in the current technology 4.0. I believe that blockchain will be more and more popular worldwide.

hahay

legendary

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Leading Crypto Sports Betting & Casino Platform

Wherever you can. I have never targeted focus at one point throughout the year. I will only focus if there is indeed an opportunity to make a profit and will not force myself to focus on something that I cannot or do not understand and do not have the expertise nor experience on it. That way you don't have to invest all year and force yourself to focus on anything that you can't or you won't have a chance. So just pay attention to what will happen throughout the year, if like now the crypto market is weakening, then you will be better focused on buying / investing and try to focus on holding it so you can have the opportunity to gain profits next year or whenever you see the market recover.

omfg.xekcep

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*** https://www.buying.com ***

Well, the picture is funny. If seriously, in addition to observing the crypto market I am monitoring the stock market. I am absolutely sure that there will be a strong correction on the stock market quite soon so I would like to catch that moment and find an entry point to enter just in time. Also I am pretty sure that the correction on the stock market will have the immense effect to the crypto market, the precious metals, FX market and other assets. As at the moment almost all crypto assets are on low values I guess that the crypto assets may be seemed pretty attractive for stock investors for buying that may cause to push the entire crypto market to the green zone. I wish every investor to make the right choice.

tee-rex

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Quote from: vintages on September 29, 2018, 11:29:03 AM

'What is blockchain?' 'I don't know '! Cheesy

This definitely cracked me up! In as much as it is a joke, it still have a very stong meaning backing it up. It's so unfortunate that a lot of people are merely talking about blockchain but still yet they don't know what it truly means. Some just want to flow with the latest topic just because of the fear of being left out.

But what's the point of knowing all the gory details about the blockchain technology and how it works internally? I think it is enough to know that on the outside it is a distributed ledger, that is a digital book keeping the records of all transactions made and through that keeping track of how many coins you have got. On the inside, it is a decentralized fault-tolerant database designed to work in a trustless environment.

What else do we need to know, apart from understanding how to send and receive money in the wallet of our choice? Do you actually need to know the specifics of how the internal combustion engine works to learn how to drive a car, especially if it is an all-electric one?

jrrsparkles

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We no need to be blockchain expert to use the crypto currencies but having the knowledge about the blockchain will help the people to know how the crypto currencies works from the centralized banking system but anyway people don't want about the blockchain since they are investing on the cryptos.

Topic: Where should we focus this year? - page 23. (Read 26858 times)