Topic: Why is it always about price? (Read 606 times)

Why is it always a price issue, if I personally think the answer is simple, because every investor, holder and market will definitely see the price first before they set foot here, as well as myself, price is very important to discuss before we do something, after the discussion Our new price talks about convenience, disadvantages, advantages and risks that we will face.

When we invest like crypto then the thing that makes us always curious is the last price, maybe we plan to buy or sell so the price is important, but if we focus on big profits then we must dare to invest for the long term, I'm sure the development of bitcoin will continues to improve as more and more countries legalize bitcoin.

why is everyone discussing prices both in the media and others because price is a barometer that determines an opportunity for each individual, for the media for good or bad the price may sell more while for traders and investors it will be an advantage to buy or sell it

You would really be needing for yourself to be keep updated on things whether you are sticking with bitcoin or getting involved with other projects/alts in the market and we are here on this market sharing up with

that very common target or aims which is to make profits and its normal that we would really be mindful about the price movement and other related information and events connected to it.

We are minding normally with our investments thats why we are really that in concern whatever movements we are experiencing on and possible things ahead.

It is what it is mate, no matter how much we try to avoid discussing the price, the fact remains that "price" is the end goal of this for over 99 percent of those who buy any kind of crypto coin.
Very few care about the tech for the tech(if you understand what I mean)
Over 99 percent of others only care about the tech because of the end price... For example, if I invest in bitcoin, I invest in it because I wanna make a profit, very few persons spend their bitcoin paying for items online, over 99 percent of others who hold bitcoin waiting to profit from it are constantly watching its price movement, very little persons care about the development aspect of bitcoin, and among those who care about the development aspect of bitcoin, over 99 percent of them care because they see that as a yardstick or a means of predicting the price of bitcoin, so following the developmental aspect bitcoin gives them a means of knowing when to buy and hold, and when to buy even more, and finally, when to dump everything and wait for the next opportunity.
So price is always the end goal in this investment hub and as long as the market exist, price discussion or news will always take the lead.

Is true. Still to have a good forecast of what the price can become, is important to follow developments, fundamentals and team of a project.

When we say crypto then the thing we want to know is the price, I hear bitcoin when the price is still under $ 100 in 2013 at the end of the year skyrocketing up to more than $ 1000, even though it drops again in 2014 and makes us continue to be curious about the latest prices, So many investors are always real time to see prices.

We also need to take into account that even if long term holders are not as interested in the price movements as traders are it is still an important metric to them, after all the price tell us where we are in the current 4 year cycle, there were some traders that were predicting that bitcoin will be able to break away from that cycle and keep going up, but taking into account how the price is moving then we can see this is not the case, so as we can see the price can be used to indicate something other than itself and this generates even more interest in it.

We would really be always talking about the price because this has been our main concern on the  time we had set our foot here on this space.Its only seldom into those people who are minding about its utility thats why its not really something new or surprising that people would be always talking about the price movement thats why if you do really hate this stuff then this market isnt something that would fit you in.
You cant just always talk about utility but rather people will be focusing on how to make money and other related things which is attached to it.

OP, you probably know that most forum users are traders or investors and miners rather than developers and adopters. I don't think it's unreasonable that prices continue to be the subject of constant reviews and predictions all the time. I can understand it because bitcoin is actually a very volatile asset where concerns about losses and potential gains are always discussed.

If you knew what a speculation board was for, I don't think this question would come to your mind.

The price matters and that's where we always looking at. We're unstoppably going to look at it no matter what the market condition is and just recently, everyone is  disappointed that it has came down.

But those that have been waiting to reentry, they have it cheaper now.

It's the opportunity that they've been waiting for and maybe it will go down further.

Fluctuations aren't only felt in bitcoin but it can also be felt on any other investment assets. The money and the price of the stuffs around us aren't an asset but they also fluctuates although btc fluctuations can be much stronger than them and other than that, btc got the interest of the people due to how it worked.

It was embedded online and the only way to produce a new btc is by mining it. It's also decentralized which adds extra interest for the people to start liking it. If your game is about btc investing or trading then yes you might need to monitor the price more often but there's still more in btc where price isn't concerned the most.

The curious and most interesting thing about bitcoin is the price that fluctuates, people will continue to look at the price because they hope the price will rise and sell so they make a profit, but there are also those who want to see the price go down because they have plans to buy.

In all financial market, what investors are after is the price. The price determines if you are going to end up in profits or not. If you buy a particular asset at higher and the market price is down, what you will be always after is price. When the price of that asset will go up so you can make profit.

Price differentiate a profitable investors from a bad investor. Profits that we keep making from the market keep us wanting to trade more or invest more so we can make more of that amount of money we are earning. Price is very powerful so we need to set things and plan ourselves so we can always be a winner.

Yes, the market is attracting a lot of people's interest simply for profit. It must be said that there is no sector that can grow 100x, 1000x in a short time, this happens almost exclusively in the crypto market.

Many people only see profits without knowing where those profits come from? The market doesn't make money for us, it moves from one person's pocket to another. So when entering the market, we need skill and effort to make money, crypto like many other markets are fierce and cruel.

In my view, Bitcoin is now very stable. It's not going anywhere. Sure, there will be oscillations in the price in the short term, but in the long term there will always be more and more people wanting to participate in a Bitcoin economy. And since there's only a limited supply, which also keeps decreasing, then it follows that the purchasing power of any amount of Bitcoin will continue to go up.

I don't see the point of buying fiat with Bitcoin though, and trying to time the market usually leaves you with less sats in the end. It doesn't matter if Bitcoin goes up or down, you still need to pay the exchange fees.

The funny thing is, nobody believed we would ever crack over 50k, now that we did, everyone is upset that we are not doing it again I mean come on, it is at around 40k levels which is higher than ever, and just because we reached 68k doesn't mean that we should be there at all times.

We are doing fine and people should be happy about doing fine for now, it doesn't mean that we should be happy if it drops a lot more, like under 30k would scare me as well, but just because we are around 40k doesn't mean we are in a bear market. That's the one that grinds my gears the most, calling 40k a bear market, how is that a bear market when you look at it long term?

And that was on the time on where bitcoins price did really make out some significant price rise or increase on hitting up $20k ATH which it did really get more attention wordlwide.

Even though we are minding about into its utility but cant really be ignored when it comes into its price potential which we had been eyeing on where it could possibly go.

Majority of us is really been hooked up into its price volatility since we do really know that it could really reach up on particular points and in disregard into its actual utility.

Previously I think many people did not think that the price of Bitcoin could skyrocket to this extent,
after the Bitcoin price experienced an upward trend, it seems that after that many people really considered it,
currently cryptocurrencies are constantly evolving and it will continue to do so

Everything comes with a price. You can never gain something if you don’t sacrifice something of equal value. Pricing is important since it defines the value that your products are worth for you to make and for your customers to use. It is the tangible price point to let customers know whether it is worth their time and investment.

Pricing is the reflection of everything you do as a business, from your product development all the way down to a link to your website, because we live in a world driven by value. Nothing else defines a business and a product more.

Let’s explore why pricing is truly the (unbiased) most important aspect of your business by uncovering its theoretical roots and by illuminating how high of an impact price optimization can have on your profits.

indeed bitcoin is increasingly famous because its price continues to rise. at the beginning of 2010 it was only $1 and when measured by current prices of course we can retire early from real work, but the question is whether we can afford to hold it until now, I think it's difficult to do that, even in 2017 it may have shaken our psychology . Many people here have one goal, namely profit. Therefore, it is not surprising that many commented on the price

The fantastic price of bitcoin at this time of course will always be talked about by people, many people regret not buying bitcoin when the price is $ 1 even when the beginning of 2010 many people gave bitcoins for free up to hundreds of bitcoins, it is natural that nowadays people say that bitcoin is something very profitable for long term investment.

Of course price matters a lot! First of all, we will find out the price if we want to buy something. The price is made up of different components. And these components affect the final figure. Besides the price of a product plays a huge role in its purchase in any case and choice. First of all, it all starts with setting a price for something. So this is an important point.

It's not the problem but it is the end goal, I mean that's why it is called investing, you put your money int this crypto to make it grow. Maybe there is some people who are in for the technology or what not, but for sure, majority wanted to profit.

So as much as we wanted to deviate from the subject, at the end , we will talk about it and everyone is interested on what will be the movement short or long term. So yeah, we can say that it is normal.

Of course, when investing in something, price is the first concern, price is a measure of asset value, for example, investing in bitcoin, real estate, gold and silver, ..., investors are always interested  to the buying price and the selling price, to bring high profit.

Agree with this. Real investors always want to buy an asset at a low price and sell it at a high price. So with the ups and downs of the coin price like a roller coaster, it will make them happy because they can buy at a low price and sell at a high price for profit. But many investors do not sell their coins when the price is rising or has reached the highest price, which can be related to the price target they want to achieve.

Why is it always about the price, the answer is very simple, in my personal opinion the main problem is definitely the price, whatever we do and wherever we invest the main problem we want to know is about the price, if the price is right it is certain that people will invest If the price goes down or up it's normal, but if the price promises it is certain that people will invest, the important thing is that it is safe, reliable and always promising.

That's just the way it is. Not just in the crypto currency market but in all the other markets as well. Most of the people flock for profits and only a selected few would really invest for the sake of believing in the project along with the change or innovative utilities it has to offer the investors and the future consumers. And in those few people, majority only adds a few if not just a single project they believe in on their portfolios then the rest are solely for profits. And I am one of those. Call me selfish but I have responsibilities and currently not in a financial state where I can squander funds just to fulfill my desire to support a good project in my eyes. This is probably the case for most of the people which is why news and media always highlights prices when talking about assets and anything related to it.

Because that’s what attracts people in this industry and that’s what everyone is here for - money. First we had share markets, and now we have whole new platform which is having enormous energy whatsoever to give away to those who play well here. Since the beginning bitcoin was actually made for easy transaction, transparency (pseudo), free of limits etc. However there were bunch of dudes who then found out that this market has more potential than this where it can lead to money making stuff. So trading followed, staking, alt market, this project, that shit and all then got concerned with one basic thing, how much it is ?

I think the price will always be the thing that investors are always waiting for, as we know that the price increase of cryptocurrencies like a roller coaster so that it is always interesting if we will know the price, and the best thing we do is immediately sell if we get profit because the market is always fluctuating and giving The next opportunity to buy again.

Well, it's what OP is trying to say I guess... everything is about price and profit! People miss seeing anything else except a chance for making some money! Because of that, we have many sensationalistic headlines around about the price movement, like anything else is not so important as the current rise or drop! Space is filled with speculations and predictions from many "so-called experts", and sometimes it's really hard to find something good in all that mess!

Currently, more and more people are aware that crypto is a field for making profits,
but sometimes there are still many who forget that crypto also has a big risk too,
To make a profit, of course, it is not something that we can simply take hard work and of course the process

Of course we should be worrying more about the fundamentals than about the price. Only shortterm traders are worrying about the price and not the underlying fundamentals. When it comes to price fluctuations in intraday trading these are normally not caused by any shift in fundamentals. A lot of the price changes just come naturally due to supply and demand on the exchange. That is why traders are looking to make a profit based on price. As an investor who has a longer investment period, will always worry more about the fundamentals than about the price. In case of strong fundamentals the price can be high or low for sometime, but eventually the price has to match the economics. It can't be that strong project with excellent fundamentals will be undervalued forever. Eventually other investors will notice it and start driving the price up. The same goes for bitcoins, I wouldn't worry too much about a 5 or 10% drop in price during a month. As long as the longterm trend is upwards there is no real issue, we just need to stay invested for the longrun.

It may seem this is the case and speculation is all what people care about, but without being a solid currency then bitcoin would not have gotten to this point, however give it time and we will see bitcoin once again having as their main use case being a currency, it is just that people despite the high inflation we are seeing still do not understand why fiat currencies are such a bad idea, but once they do then they will look for other options and bitcoin will grow in adoption as people begin to buy it as they look for a way to protect themselves from the high inflation.

But we can't deny that, even I, who was here for quite a long time, also do the same thing, although not as often as those who trade daily. But if someone else is doing it with the aim of short-term profit, I look at price movements to determine how I react to the market. For example, altcoin price movements are influenced by where the bitcoin price moves, so I saw the moment for me to enter the altcoin that I had analyzed previously.

Because when you look at certain projects, what you see first is the price apart from the prospects
This is very clear because indeed all need these things to make movement.
It doesn't matter what will happen but the price will still dominate in this case regardless of whether or not everyone will return there and the price will be the benchmark

The thing that makes anyone interested in crypto is an opportunity for profit, when there is profit, all eyes will come to continue to check prices and then sell because they are profitable, the Android application makes it easy for anyone to trade quickly and safer.

It's actually the opposite, it's to be used as a currency itself and next are the things that we do in common while having it and that's being an investment and as you've said is business.
Eventually, the market has grown that much and the primary reason why bitcoin and other cryptocurrencies has been made became secondary. Because now, we're into it as investments and for the purpose of trading.

currently the purpose of knowing cryptocurrency is to do business. many people expect big profits in the crypto world, so many of them are willing to sell their homes to do business in the cryptocurrency field. Therefore, if in our heads the focus is money, then it is not surprising that many people ask for price movements. especially for novice investors, of course, they will often see prices that can actually damage their mentality

It is all about the price, because we always look at the price before we decide to buy or wait for the big dip, investors invest on crypto not because crypto is now becoming more popular they invest because of the excitement from the high volatility prices that can give a big profit from thier investment, important rule is that never sell at loss so that you will not end up lossing.

because basically what is meant is the value / price of one object offered, not the energy offered in this crypto. to get profit
investors invest looking at the price first roughly after that, then profit if you buy the desired token, that's the basic cycle, so price is the main thing in investing in this crypto

You are definitely right on this one because if price movement isnt something that should be talking about then we arent seeing for this market to become this big and its true that there's a significant importance

on which people do keeps eye on the price because if they dont see about potential earnings and benefits in holding for long term then people would less interested to it which is understandable.

So its just a norm that we would really be always talking about this manner and since its unpredictable then its not really that easy to engage on.

Why should it not?? I mean what's the problem in that? Have we reached to a stage where a person can fully live on cryptocurrencies alone? I guess not! So what's the problem in talking about price points? It makes sense from a real world perspective and you can assume your wealth based on a standard parameter. That's what everyone wants. Price point is the biggest factor for any cryptos. The transaction volume and blah-blah-blah doesn't really matter if a price of a coin reaches to zero.

Why do you think stablecoins are so successful in crypto market? It gives the convenience of a standard parameter like fiat and security like crypto. If you remove the price point from a cryptocurrency, nothing else will be strong enough to hold its ground.

Why not talk about Bitcoin?
BTC hash rate is at all time high, much higher than it was at the price all time high last year, so obviously miners aren't scared of market prices. They think long term.
Michael Saylor continues to buy regardless of the price and so is the whale who owns the third largest address in the network. That person added 500 BTC to their holdings yesterday.
We are probably going to have a spot ETF this year. I doubt they can delay this any longer.

Last but not least, exchange price does not equal value.

Very normal for people to mind off about on how to make profits yet i do believe that majority of us here wont really be focusing out into its actual utility which is something true but you do definitely have a point that its utility does have significant usage on various situations.It is really just people do really get used to fiat on what we had used through ages.
As long you do make involvement whether you are aiming for profits or its usage then its up on personal choice though.

Profit shouldn't be the main thing though, that's the problem. I get that you could invest and make a lot of profit, but at the end of the day if you can't then there is no problem because crypto is not just a profit maker but it is also something that you could use as a currency.

For example, dollar loses value every single year, lost a ton in the last 2 years, but at the end we haven't really seen any problems at all with the current situation, if USD doesn't really cause any fear and people get away just because it's losing value then it means that we are talking about Bitcoin not really being a "bad" thing if it goes down neither, use it as a currency in that period.

Decentralized systems (cryptocurrencies, DeFi, web 3.0.) actually transfer power and money from the hands of states and large corporations to the hands of ordinary people and small companies.  

This radically (revolutionary) changes the entire modern financial system.  

However, the existing financial system has its beneficiaries.  These people are powerful.  They will defend their status.  They would never have been able to achieve such a high social position if they had not been able to predict the future and eliminate potential risks.  

Therefore, they hinder the development of decentralized systems.  At one time, they did not notice in time and did not destroy Bitcoin before it became known to all people on Earth.  

Now these people have the main goal - to prevent the decentralized Internet (web 3.0) and decentralized finance (DeFi) from developing and getting stronger.

In my opinion, this is why the potential of decentralized systems is not discussed in the media.  But it is impossible to keep silent about them.  Therefore, only the price of individual digital assets is discussed.

Because price determine on what possible profit it may possibly bring to its traders. Also this is what people speculating for because all want to earn money so don't be surprised for people talking about the price since all traders are up for money. Maybe there are people having fun trading it or discussing it but for sure the main point of everyone is here to earn on certain price reached by each crypto.

Exactly, price is very important to traders in crypto market because it will help them to know when to buy coins and hold for a bright future to come, and when to sell to make a huge amount of money from the market. Many people  purchase bitcoin when the price is low in the market and sell when the price is high in the market to enable them  not to experience losses from the crypto market. Now that the price of bitcoin is still low in the market, it will be favourable to those traders that more focused on price in the market than any other things to start purchasing bitcoin before the price will increase higher.  

Sometimes I think about this too. But people don't really like things to be implemented, they just take advantage of their value (price). And they also take that value as a reflection of performance, if the value goes down it can be considered that the ecosystem has dimmed even though actually something that is backing up is still functioning as usual.

That's how it is and we all know that prices will continue to move whether it's up or down so it's always an interesting discussion,
moreover in cryptocurrencies talking about prices will always be there and it has to do with the volatile crypto market,
The easiest and most certain benchmark that everyone uses to sell or buy is of course the price

Well because most people always see the price first before its utilities, it happens not only in cryptocurrency, you can see oil, gold, and other commodities always talk about their performance, their price, and their movement prediction. I just see a little article about why there's a correction, what we should do about that, etc. People will tend to its price.

It's mostly about price because most people that get into crypto at this point do not feel any intrinsic connection or value to the idea of crypto itslef but only see it as an investment. And a lot of influencers are pushing that narative completly ignoring the underlying motivations crypto has. And that's a huge issue imo. As it's expending I don't see a change unfortunately.

Volatility - we can't change this and that is why we have to expect people to talk about prices, correction, market inflation, etc...
And why people are focused on the price is because this was the basis of when to buy and sell.

Not really a thing to get surprised, in fact, this serves as our awareness. Like to have some friends gatherings, we always discuss crypto prices. Actually, investors love to talk about this stuff. 

You already know the answer of this question(that has been asked a million times before).
We have thousands of shitcoins on the crypto space,some are big shitcoins with big market cap and high prices,others are small shitcoins with low prices.The pump&dump investors don't care about utility,fast transaction speed,low fees,good security.They care about the prices going up and making more profits.
The crypto industry "evolved" into casino capitalism.Maybe that's why Satoshi left Bitcoin,years ago.
He didn't want to participate in this "magical investing"/"make 10x profits" type of BS.

Thank you all for the interesting point of views.

Is true that staff needs to be paid, and for that price is important. Still, we are getting to a point where NFTs, Metaverse, layer 1 ecosystems, DeFi,...is starting to have an end product. So progress is here.


I am also sure we would have advanced faster without the crazy speculation in margins etc...At the moments the ones taking the most profit, aren't the ones developing, but high level speculators, as the small fishes usually lose. I am confident that will change.

It is inevitable to panic when the market fluctuates strongly, and it is not a positive trend. Many of us and newcomers to this market are not knowledgeable enough and are too dependent on it. information to initiate behavior. I think it's also a part of the market that, with the way it works, is almost always related to many other sectors to drive every price increase. To be honest, I see only a handful of people who I think are successful in this market when they lead with the right kind of knowledge, not of money.

Puting price into consideration is very important in the economy of business and financial matters, this is not only applicable to the aforementioned areas but also in cryptocurrency as well, the price serve as an indication to the trend of how an asset or a commodity moves and their value in consideration as well, cryptocurrency has in many ways create a unique feature for it value and this is what's behind why we all choose to make an investment in it especially when dealing with bitcoin

Most people that are investing in crypto they do it to make money, they don’t care how it can change the world. Those that invested in Bitcoin because they believed it would change the world is when Bitcoin was trading at less than $30 a coin.

A lot of people know me because I’ve talked about Bitcoin throughout the years and they are always like “I will give you $10,000 can you turn it into a million with crypto”. They basically want some 100x project and if they find out that Bitcoin might only go up 20-50% from here they are not interested anymore.

And why not? Cryptos are currencies so it's normal that they will talk about the price but indeed it sometimes boring to see the same thing every single day. We always see threads like how long bitcoin will reach this and that price.

People then will feel bad if bitcoin didn't reach the price that they are expecting but only if those people widen their view about cryptos and look on other news like something about blockchain development, they will say that cryptos really have the potential to succeed more in the future. They will stay calm, won't post price updates (excessively) but wait for that moment but news about blockchain is not always positive, there's also negative news sometimes.

Of course, everyone forgot about the original idea of ​​​​cryptocurrencies. Almost no one is interested in all the benefits of the blockchain. So far, bitcoin and all other cryptocurrencies are only a subject for speculation, nothing more. Fuel is added to the fire by a lot of media that create yellow headlines, no information content and no benefit.

It is because the price is what people are looking for. If people can buy the coin at the lowest price and have a chance to increase higher, they will hold it and sell it when the price increases. On the other side, people want to make a profit and only with the price gap can they make that profit. The lowest the price of the coins people can buy, the more profit people can get it later but with terms and conditions.

What is the reason and purpose you entered this market, make money fast to become a millionaire or is it because of the technology of the future?.

Most people when participating here the ultimate goal will be money, so the price will be the most concerned and mentioned factor. No matter how good a coin is, how advanced the technology is, if it does not bring profits to investors, it will die and no one cares. Crypto is like a money game, profit is still the top priority.

That's because most of the people who entered here are either investors or traders? They're mostly here for gaining profit so ofc it's about the price. Even people who innovate and started creating the other bunch of altcoins (if you call that being innovative, in a way), are all in it for the money.

As for discussing the technology behind it itself, well, only a few parts of the people here would be able to take part since it's part of the tech/development industry and I hardly doubt everyone here knows a thing about it. Wouldn't really expect a business man to build his stuff themselves, they'd hire people who know how to build stuff instead.

I think the same, the price of an asset is used as an indirect measure of success, popularity, adoption or whatever you want to see in it, is it right that people assign so much weight to the price? No, but that is not going to stop people from doing it and we should not expect this to stop anytime soon, after all whenever a positive or negative news is published by the media the very first thing people wonder is what will be its effect on the price instead of thinking on the long term implications of the news itself.

Most of them just follow what's trending that's why. If you're more into the fundamentals, you might want to drop some of them or check another because you are probably following the wrong channels.

I stopped reading stuffs from crypto twitter for a few months now and it's been quite beneficial. It also helps avoiding price speculations in all forums and finding out reasons why this or that coin dropped.

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You've been discussing about altcoins in all your topics but have you also followed developments in Bitcoin?

To a certain extent, price is the ultimate measure. Right or wrongly, it is how a lot of people measure whether something is successful or has potentials or not. So regardless of the news and the fundamentals, if the price is falling down, it could mean that people do not care. And if people don't care, there won't be any demand.

As has been the subject of some discussions, there must have been crypto projects that seemed great and promising yet failed because of how reception was very poor. On the other hand, shitty projects are deemed successful because of their coins' price increase even if the fundamentals are not really amazing and everything is simply founded on hype.

In other words, majority of the people are only after that which has price value or an increasing price value.

For the most part, its not the small investors who want to take profit every day there is a pump of price. But its the institutions who wants to accumulate that brings the negative news in the industry. Those retail investors are often going to dump when the price dips -2%, they don't even wait for the price to go up again to sell. There is always a positive news to look at but spreading the negative ones are going to be focused because the big investors wants to buy cheap.

Parkinson's law of triviality:


This is also known as the bike-shed effect, or bike-shedding. Here are a couple of quotes that explain this:

Of course, it's all about the price especially if you are investing/trading it's all about the price. Where do you find someone who invested into something but didn't care about the price? It's like they just give their money to someone if they don't care about the price. Price does matter no matter where you are and maybe what you want is the price to go down before you buy then pump after you everytime you buy, is that what you want?

Because price only plays vital role for the flow of bitcoin in the market.If their is no huge raise in the price,who will inverse for the less profit.Crypto currency was mean for the huge profit by the investments.When the market up to the pump,you can sell with the profit.When the price of bitcoin was low and reduced to lower value,make use of the chance to get huge bitcoin into the wallet.

When HTML5 was released, there were many impressive demos of the technology and what it was capable of. We had many real world illustrations of what it could do, and it was intuitive as to how it could be useful. There were multiplayer HTML5 games using node.js. We had some low level browser support thanks to webassembly(Wasm). HTML5 canvas vector drawing was enabled for creating impressive and dynamic 3d graphics. I am wondering where these types of demos for web3 can be found. It doesn't appear there is much substance to the hype behind web3. And so the marketing behind it appears to be unfounded.

Web3 also lacks the support of technology figureheads like Richard Stallman(free software foundation), Bruce Shneier and all the other technology visionaries out there. There isn't anyone who is a tech celebrity or who has brand name recognition who appears to be involved with the project or supports it.

For 90% crypto investors,  it is all about price, many of them hardly even read what the project is all about (the fundamentals) and how relevant it will be in blockchain, it is rather when 'Moon'.   If after 3 months there is no serious price movement, the project appears to be dead in their own eyes

Just yesterday I saw a post on Near Protocol telegram unofficial group - a member posted "Near Looks Dead" because the price is not moving according to how he want it, this is the perception of the majority.
Many investors judge projects base on the price performance and hardly about the tech, which is not supposed to be.

Let's see another example: what's more in the news, the price of Tesla stocks and what's Elon doing today, or the work of engineers trying to make better batteries?
The internals/fundamentals are boring, they don't really change, they can't make the news pretty much on the daily basis.
But price fluctuations and speculation? Oh boy! They can fill plenty of pages about that.
And the average Joe doesn't understand nor cares much about the "rocket science". But the news about price are.. also accessible.

Those who really care about the price they can see the charts and that's all.
Even more, those who want to understand a tad more on the price area may have difficulties in finding somebody with meaningful TA articles or posts.


So it's not necessarily "always about price", it's more about the hunger of news writers for.. anything that's changing, interesting and also accessible.

I agree that there is a lot of overhyped stuff in the space, but also the best of the best in tech.

Don't think so many big players are investing in overhyped air...There are cryptos in WEB3 with a lot of potential, but we are still in early phase.
That's why I also believe in talking more about the utility and fundamentals than over price action.

Just to answer the question — it's pretty simple. Most retail people don't know crap about what they're doing in this industry and they're only in it for the money. And to add to that, there really isn't that much "good fundamentals" in this industry in general besides a few things. Most are just overhyped fluff that doesn't solve anything.

well, most of today's media are ordered to report bad things about cryptocurrencies, so it's not surprising that most of the news we read or see today in media like CNBC or CNN is mostly negative news about cryptocurrencies

Why is it always about price?

In this topic I want to talk about something that frustrated me a bit in the last months (the correction…you know...) : The obsession with price.

When I was drinking my coffee last week, and was reading through my favourite #crypto socials, 90% of the info I saw was about price. #Bitcoin not holding support, a selloff in #XRP coming in, #Chainlink continuing a downtrend pattern, this was a bear trap, we go under 20k,…

Shouldn’t we rather talk a bit more about fundamentals or/and all the positive news happening in the space? When the nights are dark and full of terrors, shouldn’t we bring some light?

Web3 has so much potential. It is a technology that has the chance to have a bigger impact on society than the launch of the Internet.
I quote David García, professor, researcher and consultant specialized in blockchain;
(Translated from Spanish, full article here : https://blog.ibizatoken.com/david-garcia-the-problem-with-blockchain-is-that-people-see-it-as-just-another-technology-but-its-not-its-a-sociological-shift)

“The most interesting aspect of blockchain is that it can change society and that it has the economic incentives needed to bring about this change. Blockchain allows you to do financial social experiments instantly and globally."

Having the opportunity to be connected globally in a decentralized way and having #decentralized ecosystems communicating with each other worldwide, is something big… It can be the begin of a new type of society, one that is more transparent, more efficient, more…well…better. You got my point…the possibilities are just endless.

As you all noticed, I don’t talk much about price action on my channels (more interesting things were happening in web3), especially not if it’s just negative (sometimes incorrect) information…Is not really a motivator for new padawans that just joined the space…

This Is just an opinion, and I understand trading is part of the game,… a little adjustment in the amounts of information about the essentials of what we are doing, could only help mainstream adoption, in my humble opinion. Most of you got hooked like me, so you are also convinced about the potential of the technology, and you know it’s just about getting the word out about the fundamentals and the utility.

To end, a big up to all of you already spreading all the good and interesting news about blockchain and web3, as I am reading/watching/listening you too 😉

As a little help, here are some examples of good news happening right now:

1)    #Ethereum still processed 35.99M transactions in 03/2022, in 03/2020 this was 22.75M. Not a bad evolution in 2 years, isn’t it? And this before 2.0.

2)    Canister smart contracts running on the #InternetComputer blockchain have surpassed 43,000. Begin December last year, it was only around 15000…(see infographic hereunder)

3)    Monthly #Chainlink VRF requests grew to 4.4 million in 03/2022. Begin December last year they were around 2.5M.

https://twitter.com/Pattey_Web3_ICP

Full article:
https://www.linkedin.com/feed/update/urn:li:activity:6920047775606833152/