Bitcoin Forum

The problem we now face as a revolution is the fact that people are in the game to make quick money, not to make a difference to the way we interact with money... The market would be more stable if everyones investment stayed for a minimum of 10 years

I agree with your opinion, we all know that now the average project only lasted for 1 year. Seen they are only chasing money from ico and after listed in exchanges they will do the pump briefly. After getting the goal, they will leave his project, just some unimportant news and updates they provide. This is a very sad occurrence.

Possibly, but I strongly feel the adoption is the issue here. The stock market is full of people trying to earn money through various methods of investing strictly for profit. I do think it adds to the volatility of cryptoassets though, but at the same time this is what draws in investors.

Just looking for a heaven. People are greedy, that's why we all have banks and reserve fund. This world is very simple, someone just want more goods than his neighbor has. So that's a normal state of our community.

I think this revolution will sort itself out over time, as the desire to make quick money from ICOs and pump and dump strategies reaches a saturation point. This is after regulations in crypto ecosystem have become commonplace and poor projects that can not last long have been weeded out by their lack of quality use case.

At this saturation point, growth in this revolution will only be achieved in situations of crypto projects that actually have quality use case to offer with people ready to adopt with mindset of usage and not quick money.

Indeed, for now, most of the cryptocurrency market investment just to make money quickly, so when a lot of people are joining the market, that may mean that the arrival of the bubble, like this several days all tokens, there is a sharp decline.

The problem with this space is the lack of appetite to understand the underlying tech and a widespread sentiment treating every token/coin as an investment. Speculative trading, artificial pumps has led to a lot of founders taking advantage of the sentiment and supposedly conducting their scammy "ICO" with very little effort.

Investors need to spend time researching about the project, team, white paper and the business proposition before blindly going all in.

People have created a cryptocurrency that would quickly make money on it,and then all the technologies on which it is based, the first goal is to raise more money.

The fact is that this is a normal phenomenon that part of the projects that a part of people set as their primary goal to receive the greatest income. And many people get it just go away, there are lots of examples. But this is not the only problem because of which we are seeing a crisis at the moment.

Well, thats could be the point. It is not a secret that the market is overpriced. imho it will be good if the bubble blow up, that will make sone investors to think about their decisions and some of them will even leave the market. Leaving the investments for 10 years is pretty close because during this time funds will be out of the market. But from the other side most of the coins will definetely die till that time so by leaving your moneu in alts for that time you will loose it for sure.

While it is true, there are always going to be such people and so cryptocurrencies need to be able to handle the adverse effects that these people bring. At the same time they bring a lot of publicity and interest because they will not be afraid to shout about the riches they have gained.

I think that there are many different factors which are affected on the stability of the market and investment is only one of many. That's why investment are not able to significantly change market stability.

Well, we can't blame them for selling their shares. But i see alot of people who actually HODL their shares for a long time. But i mean 10 years? Isn't that too long to HODL a coin? I mean crypto currency is very young so let's give it a fee more years. We already have strong coins like bitcoins and very versatile useful coins like ethereum. Fivr it 5 years max and more and more coins will be stable and the market itself will be stronger, (that's the hope)

I agree that the markets would be more stable and gain a lot more credibility to outsiders if people held their investments for longer. But i think it is kind of pointless to say that though because there is no market in the world where everyone holds on for 10 years, even the most reputable equity or bond markets people speculate all the time. its the nature of the beast...

Yes, you are right. I agree with you.
but I think, many people who think about it (get a lot of money with fast) must have a clear reason.
I think they do all of these things because they need money immediately to meet their daily needs.
but many also really make the exchange rates remain stable.

Everybody wants to earn here now.
Because time and life do not stand still.
People have needs, dreams .... I now do not want to wait 10 years, until something makes a profit.
This is done only by those who already have millions ... they can invest more and more, and wait as long as they want.

Two years waiting ok but what coin do the same like Pascal,stratis,neo,mirai,posw?

Yes we all want to earn here in the world of cryptocurrency. It's just that most of the newbies and inexperienced cryptocurrency investors, traders and participants of ICOs, airdrops, and bounties just wanted to cash out after receiving their tokens.

There's nothing wrong about that, but they just failed to diversify their tokens. As for me, I started to learn in diversifying by categorizing them to short, mid and long-term holdings. It'll continue though because more and more newbies and inexperienced traders are getting to crypto.

The biggest problem we face at the moment is that we don't have enough educated and long term investors in crypto at the moment and also there is the issue of changing Crypto to Fiat, which has been made even more difficult now by the credit card companies and banks. Once we have a universal wallet and ease of exchange crypto to fiat, then we might see more mass adoption. At the moment we have too many get rich quick speculators that have come from the traditional internet marketing schemes on the net. All those peeps that were doing mlms, cyclers and revshares, before are suddenly becoming trading experts and now just shove their btconrekt type ref links all over Facebook lol. When I used to tell them about Bitcoin and crypto they used to laugh at me.  ;D

In fact, the price of crypto-currency is due to speculation, and not real value for people, because at this stage the full use of crypto currency is impossible on a par with fiat

It needs more time for the markets to mature and for people to stop chasing quick profits and realize how much the technology that crypto and is offering are going to help the world

If being business minded,  it is correct to invest much time like for years.
But as a common people like me, i will never hold my coins for that long in the internet. 
This generation is a time for technology.  Hackers are everywhere.
I dont wanna waste my time and effort for nothing. 
It is great that i can earn money with something so simple like this so i am greatful but i will never invest for too long with this.

I agree with your statement my friend that's the problem with most people that's why most of them got scammed because of the mentality that cryptos are a way of easy money but it is not. For cryptos to be recognized people must HODL on to their investment so that the community will grow.

Yes you are right brother but we need to put in the picture the large whales and institutions that is playing our market and the traders of bitcoin futures the ones that make the value with bigger movements. And the new ones and small investors are getting carried away. As well as the fud (Fear Uncertainty and Doubt) that is happening. I just hope everything goes back to normal soon and our market stabilize.

Yeah I think it's much a better idea.

we switched to the development of crypto from the stage when only geeks knew about it, to the stage when the market is inflated by speculators. On the one hand, this gave tremendous impulses in the development and interest on the part of the masses, on the other hand, the arrival of every level of fraud. Their main goal is to raise maximum money from people. Intervention in the regulation of the ICO state in this sense is positive

I believe, the problem is not that people are not holding, but they are thinking old-fashioned, how to gain more fiat.
Cryptos are made to substitute fiat money and stop the control from the institutions. If we want to have the control of our wealth, we must start using them in our daily life. Do not just ask if you can pay in cryptos, demand it.
This is a new revolution and we take part in it.
It is not just profit, it is the future.

not like what you imagine. basically every human being has a difference in plans and strategies, this is what you should know and think about. there are many of us who make quick trades on short-term trading strategies. basically a market pattern, we can never predict 100% accurate.

 Everything is done quickly in the modern world,. If you do not want to lag behind - learn to develop and do everything quickly too. You can sit and feel sad how the world has changed, and you can adapt and make a profit. It is your own choice.

The "culture" of cryptocurrency is changing, unfortunately.

But on the bright side, there are a lot of more coins now, better tech, and so on than say a few years ago. So change isn't all too bad. :)

Its a really valid concern, but its pointless seeing it as a problem because people are in it for the money, and everyone has their own reasons and investment goals. What can actually be done is create methods of educating people where one can furnish the other, and just might turn it into a win-win situation.

This is why it is of immense importance that we educate ourselves and help to educate others when it comes to these matters. We have to hack at the root of the traditional banking system.

I don't think you are actually looking at the issue from the right perspective. If people want to trade a coin quickly or it is subject to a pump and dump it really doesn't matter that much to the underlying project. Most of them will generate the required operating reserves from their ICO and then it is down to them to create a sustainable business.

I have no problem with people investing for short term as it keeps the market moving. We do have wide varieties of investors/traders who trade frequently but to each his own. You can't change how people choose to invest their money. Personally, I prefer to keep it for long term as its less time consuming and it can be more profitable.

I don't think that there's too many people that are invested in this market that are not trying to make money. And if course if people have the opportunity to make money fast, they're going to take advantage! I can't say that I blame them, as I am far from financially stable.

I think your assumption is wrong, there are still some people that have not move any of their tokens fron Ethereum ICO and even NEO, the reason we are having this huge volatility is because the market is thin, Tradition markets is very liguid and is a Trillions Dollar market unlike Crypto market

Okay, I think it would be a little nonsense to spend a nice amount and wait for 10 years. It will not be clear what will happen to 10 years of this market. I think that you need to keep your investment better and buy it.

I don't think so, to become stable market you need a very dynamic composition of players. There should be investor, trader, whalers, hypers, etc. in the market. If market compose of one type of player only then growth of the market will become stagnant. I do believe if the composition of the players has big group of investor instead of traders then it will become more stable. Group percentage of the market will stabilized the market.

I agree with you. The market at the initial stage of formation and of course there are many traders on it, because the voluntility is hygienic! Over time, all calm down. And now we need to catch the moment!

it sounds like it's people race to make money fast way .. and not a little after they managed to raise more money they run away ..
and all ico the story is almost the same after entering the stock they will do the pump and dump and their tokens take a long time for normal

many people keep their money in the crypto, and change to fiat, only for daily needs/
more stable  market- more such people

Nobody knows when should be the best to sell except for themselves satisfactorily. 10 years or more maybe promising and ideal, but each and one of us has the time when will be in need of the profit. So, we cant just say to go long term as 10 yrs but let just invest and do what strategy we are fit in regardless when should we sell our coins. And if the coin is really good it will be in its deserving price.

Indeed you're right op  maybe the price will never decrease if everyone staying to invest and perhaps the market nowadays are stable if the panic selling didn't happen  .but sad to say everyone here keep spreading some false news which is the common reason why some of the holders keep selling to protect their profits. And now we need to wait for a miracle .

This is a very bold statement. Especially if you consider that the market itself has existed for about 10 years. Moreover, there can be no question of stability in the current situation. Of cource investments are needed. But 1-2 years is enough.

I think this is a problem for you.
I completely disagree with what you say, basically in the crypto world has many methods. one of them as you say, get a quick profit. some also want to invest in the period of years. this is the difference of plans and strategies. so what you say I think is wrong and irrelevant.

That is a reality, you can't force them to do what ever you want or need to happen because this is a free market. Better do what ever you think is right and influence other people but remember, you must not insist what ever you think is right.