Have you asked yourself: Why would any of your friends NEED Bitcoin, if they can do the same with fiat?
Most people are interested in Bitcoin because of the potential finantial gains, unfortunately people that care about anything beyond that are still a minority, we are NERDS in their eyes.
Topic: Why You Have to Ignore the Price of Bitcoin (Read 1038 times)
You should show him a chart of stock indices. These are cycles. It happens and it is still an excellent payment system at any price.
A couple of days ago a friend asked me about Bitcoin. They more or less asked if it was dead, and if the hype truly was bigger than the technology.
After I stopped beating them with my smartphone, I took to answering the question. In short, no, Bitcoin is not ‘dead’. Nor will it ever be dead.
I almost took offence to the question, really. It was abundantly clear that my friend simply still did not understand what Bitcoin is all about.
I started to explain to him about the idea of a decentralised system.
‘So you’re telling me that no one actually has control over it?’
‘Not entirely,’ I said. ‘The system, the users regulate it, it’s self-regulating.’
After some semantics over what the actual definition of ‘regulation’ is, we moved on to price.
‘Well it’s like a third of the value it was about a year ago,’ my friend argued. ‘So if you ask me the hype has worn off and people are beginning to realise its crap.’
I then jumped onto CoinDesk on my phone and showed him the chart of Bitcoin over the last year.
...
http://www.techinsider.com.au/2014/10/ignore-price-bitcoin/
After I stopped beating them with my smartphone, I took to answering the question. In short, no, Bitcoin is not ‘dead’. Nor will it ever be dead.
I almost took offence to the question, really. It was abundantly clear that my friend simply still did not understand what Bitcoin is all about.
I started to explain to him about the idea of a decentralised system.
‘So you’re telling me that no one actually has control over it?’
‘Not entirely,’ I said. ‘The system, the users regulate it, it’s self-regulating.’
After some semantics over what the actual definition of ‘regulation’ is, we moved on to price.
‘Well it’s like a third of the value it was about a year ago,’ my friend argued. ‘So if you ask me the hype has worn off and people are beginning to realise its crap.’
I then jumped onto CoinDesk on my phone and showed him the chart of Bitcoin over the last year.
...
http://www.techinsider.com.au/2014/10/ignore-price-bitcoin/
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