Bitcoin Forum

It is an undeniable reality that the booming of cryptocurrency brings significant shocking surprise towards conventional economy out there. But some people cynically view both the booming and the cryptocurrency itself as just another form of money game. "It is just a short-term euforia," They said.
What do you think about that?

Jes definately now its just about propganda and attention and social recognition later it will also be violent I think

What else could these people (whose full capital is in fiat/stocks) say about bitcoin?

Bitcoin is meaned to revolutionize payments/currencies. Those who would suffer badly if bitcoin would 'overtake' the traditional banking, are the ones who will do anything to stop BTC from getting 'too strong'.
Some people call it 'money game', some call it 'scam', 'ponzi', ... whatever you can think of..

Whether bitcoin will succeed in 'replacing' banks / fiat can't be said yet. But i am very interested in seeing what will happen when the next stock market crash comes.
When consensus about how the economy should be changes, and a stock bear market will be entered, and inflation will prevail ... then it will be clear whether bitcoin is going to be the revolution and 'safe haven' or is going to crash together with fiat, stocks, ...

I'm not sure that people will happily invest in bitcoin in case a real crisis comes again. In that case people will afraid about losing their savings and if bitcoin won't be an everyday currency by then but only an asset to gather and hold for a long time, then it will only attract those who have nothing to fear in a new crisis situation, which is a little part of the people worldwide.

It is a great challenge for us to educate people and governments that cryptocurrency is a true answer for future economic challenge. there will be time in the future where we, like it or not, can't depend only on conventional methods of transactions and trading. But, where shall we start?

Methinks that we'll never know it immediately but if regulations get tighter and more and more people still buy into this thing, we'll never see bitcoin die. Short-term euphoria exists only when coins go on a bullish run and after that, everything's back to its normal state: no hype, no abnormal rises, just your regular trading day. If it does come to an end abruptly, good for those people who already made something out of it, and just proves that we aren't ready for a cashless society yet. At the early stages of this so-called experiment, we've already failed at the currency part, so let's see how well could we be in the rest of the journey.

well, cryptocurrency is nothing to be like money, remember it?

I think yes. Crypto-currencies give people the freedom that is needed right now. But they can exist together with cash

Well I don't think it's just another "Game of Money", because bitcoin has a real purpose that is clearly identified in our community and by their dev team, but I do agree that there is some part of game in it. Bitcoin runs on a free market and has financial value, and it has enough liquidity to be interesting for people with a lot of money. Now that it's accessible in a lot of exchanges, and futures markets etc, it gets very appealing for those guys. Some of them even say that they don't care if BTC is a bubble or not. They know there is money to be made with it, and that is all that matters to them. From this point of view, and for these people, it's of course just a game.

Future will tell which side will win. I hope the real purpose of BTC doesn't get lost in the way.

If you are considering it today, it's likely that the state of cryptocurrency is now pretty good. I do not think it's just another game of money I think this view especially in bitcoin is not just like this. The bitcoin for me is the answer to the financial needs and you can earn it in many ways.

not even close

I never think of bitcoin as a game of money, and bitcoin has been running for almost 10 years and it's not a moment in my opinion I'm sure bitcoin is the financial future.

altcoins are definitely that. majority of them are not created to do anything but making money for the creators and the pump and dumpers so it is basically a money game that is going to last a short time so calling it Euphoria is appropriate.

but calling the whole thing as such and including bitcoin into it is just silly. we all know bitcoin is a lot more than just making money from it despite what many people do.

It could have been the short term euphoria but it doesn't seem that way. This game has grown into some reality that no one can deny really. The crypto currencies are getting into the nerves of every sector and everyone want to adopt the blockchain technology on which the whole game is based. If it grows out of the box and many advance applications starts popping up in the future then it could be possible that crypto currencies may stand at another dimension where we will require them all the time along with the fiat money. So it may not be the temporary one.

I don’t think that crypto currency or more precisely saying bitcoin is that the euphoria of crypto currency. Euphoria is a feeling where person feels temporary pleasure and in my opinion bitcoin is very sustainable crypto currency so I don’t think that bitcoin or any other crypto currencies are just a mind game, they are a kind of long term investment which has that potential to provide employment to millions of people on a daily basis for a long term. So I don’t think that crypto currencies are just another form of money game.

I think Yes, Cryptocurrency also called a money game because the value of their token is not stable.Sometimes it is so high and suddenly it become so low.However,we can't deny that bitcoin will fame in cryptocurrency and in investing.I believe that someday it will become popular all over the world and many investor invest on this.

no it is the same old money game.

what happened was that it just came into bitcoin at first but as bitcoin market grew bigger and stronger things became harder and harder to manipulate and it took a lot of money and effort to do it also. and the profit gained from manipulation grew smaller so they created the altcoin market and then started the manipulation there.
now we have pump and dumps in altcoins that work every day and with a little money and small effort they gain a lot of profit from newbies who invest and hold shitcoins :D

That depends on point of view, I guess.

Some people will see it as a revolution, while others see it as an investment or easy money.

i think it is not a money game. Cryptocurrency is a new way to manage your currency.
Not just only a currency, but crypto now became an asset to save. Many peoples choose holding than using crypto as a currency.