Bitcoin Forum

There is no shortcut in success!!  That powerful word teach me a lot of things in life..

The success of Bitcoin brings good fortune for every people around the world who are using it since when it was started, because they've study a lot the foundation of this coin, from day 1 up to this present day..

Behind the success of all the people who've understand Bitcoin is a contrary with the present situation of every new comers in this so called "Crypto World" because those people who posses the knowledge about cryptocurrency taking advantage of people's ignorance and wrong perspective about cryptocurrency..

Well, I'm not a good writer but I just want you to think, think and think before you enter this world called "CRYPTO."

https://i.postimg.cc/mkwL1k78/UNDERSTANDING_BLOCKCHAIN.jpg

 

People think that the bitcoin is an investment over the decentralized currency so it a major problem for the future of bitcoin and the blockchain but still we are at the beginning they will understand why we need decentralized crypto currency for that we also need to help the people to learn about the crypto currencies.

We cannot blame 100% the investors, because nowadays all of this ICO/MN-POS project are rampant with a promise of good profit, we cannot deny the fact that some of the people specially the new one were hyped by these type of promises, hyped by good whitepaper, good website design, and also some of this projects are using some prominent personality to convince the investors, now my advice is, everyone should do their assignment to double check, make a well and depth research about every projects.

well at some point people started advertising bitcoin as "to the moon", "HODL", and stuff like that and then price went up too fast and too big like it usually does so we ended up with a large number of people who were only interested in making profit (when to buy and when to sell).
i don't think it is necessarily a bad thing. people who started like that can eventually see the real potential of bitcoin as the decentralized currency and see the other side of the coin to.

As funny as the image is, it depicts the exact nature of all crypto investors. All what most are interested in is when to buy and when to sell. Very little people are actually interested in learning the basic concepts of the blockchain technology. It's high time people got serious about it and equipment to themselves with the right knowledge.

Umm, bit strange statement considering that Bitcoin broke into the mainstream attention as a posterboy for "Shortcut to success". We've all seen those headlines about accidental millionaires - people who got in early, often without fully realising what Bitcoin is.

It's safe to say that vast majority of crypto-holders are here to 'get-rich-quick'. It's just the way it is and we all benefit from that.

The picture answered it all, those join Crypto now, don't want to learn anything about blockchain and how it works, all they are in for is the money. The fact is that you actually make good when you know about the entire concept.
Anyway I don't blame them, must of these new comers are working based on the orientation they got from those that introduced them to Crypto

See the problem here is that the people who invest don't have to remain ignorant about bitcoin.

There's even a course on Khan Academy.

People are just lazy, how many of us would have truly learned math if not forced to in school?

Reading even?

Understanding how bitcoin works is a bit of a skill-set and if you truly become a bitcoin expert your value in the community goes up and the value of the community also goes up.

I think most reasonable people always talk about the risks of investing money into bitcoin, but I also make sure to make the point that a time investment into it can be just as valuable for the future and the only cost of that is time and effort.

The lack of a line behind understanding in this cartoon (although a total hyperbole (which is probably the point of the cartoon)) is the problem, not the line of idiots who throw money at bitcoin.

It's a pretty valid point of view. However, people shouldn't be judged only because they have different point of views.

I personally agree with the ideals of Bitcoin when it started. But trying to look people down only because they came after kind of reminds me the merit system implemented within the forums.

The more variety that comes into Bitcoin, the wide audience reach it has. Everybody can decide what to do with their own life, especially if it's not really wrong to do so. This have been given to interpretations but we all have an idea about what is not open to interpretations when talking about good or wrong.

In fact, embracing it could be an important step for the community. Since it wouldn't scare people out and the investors and holders could in fact grow quicker - That is exactly what Bitcoin needs.

There is always ideals on one side and profits on another. Why not doing and/or accepting both?

If anyone has joined up Crypto market just recently, it is EASY to panic and believe that this is the END. However, people who have followed and stayed in the market for last few years, it is EASY for them NOT to panic since this is a very COMMON scenario that we see with the market.

So, I personally see Bitcoin having GREAT future and for beginners, check out Bitcoin forecast (https://walletinvestor.com/forecast/bitcoin-prediction), it should be enough to give you confidence.

I don't understand Blockchain either but have used Bitcoin to make transactions. Does that make me a sheep?

Don't lie to yourself, everyone is there for money.

Yes you are correct, we cannot deny the fact that all of us riding and using bitcoin is just to gain good profit, but in the long term, understanding it will establish  our good trading skills. And it will help us to take an advantage for this present market situation.

Just confident, some people who first enter cryptocurrency world the first factor they know is money or profit. But after that they learned bitcoin gradually, and finally they will know and learn more about blockchain.

I have read many articles about 'how to start investing' and most of the introduction of the article always gives a statement 'recognize the investment place that you choose', I think that were something that must be done by everyone.

Expect you will continue to be guided by a shepherd.

A quite remarkable table topic there. And this is the widespread truth for many. Bitcoin is merely treated as a means of getting profit. Ask people what bitcoin really is and for sure, only a few can answer you back. And some might not even touch the course of blockchain technology.

Sad, but most people are only in for the money, yet, this is quite understandable. I just hope that along the way, people do catch up with the anatomy of bitcoin and learn to appreciate such innovative technology it brought the world. A host of honest nodes, a true peer to peer system that relies with one another for general consensus and a transparent and human tampering proof means of recording data sums up a system that the world never saw before.

That is the point of view of the people who only seek profit, and feel thirsty for finance. Bitcoin is likened to gold being mined and sold for profit.
They will not be able to know the actual blockchain, in this case, we will learn to give a little knowledge of the amount of blockchain which has its own function.

There's no shortcut to success and those who believed bitcoin and bought hundreds - thousands of it and didn't do anything for few years are now one of the richest people. It took time but its about the trust and time that they committed to it with accordance of knowledge with the tech.

People who are into "when lambo?" , "when moon?" seem to start learning the whole process, blockchain technology and its volatility. When I entered this world, I'm not confident but thanks to the generous people of this community who never stop helping and educating newbies like me even until now.

And to those that just get in with the hope of making money, start from the basic and understand the risk and what to avoid.

Many people think that Bitcoin is lucrative investment, yes that is probably right. However, as you said that there is no shortcut or fast way to get success in Bitcoin. All is need much effort and process, people probably wan't do research in process. They mostly just see the result from it.
Therefore, dealing wit Bitcoin is need to learn more about its basic foundations. That is our task today to teach and make new generations of Bitcoin have good understanding about Crypto currency.

So many people know that there isn't a shortcut to success,and they are still searching for that short and easy way to succeed.Success is actually a cumulative effect of many failures.Bitcoin(or the bitcoin community) failed before (MT Gox,hard forks,hacked wallets/exchanges,scammers) but those small failures will eventually build the success of bitcoin.

The thing is most people came to bitcoin is they want to gain a fast and huge amount of money most of them not knowing the consequences. First when you want to go to some country other than yours off course you would want to know their laws and regulations  so that you will not get into trouble when you get there. that was the same with the block-chain you don't want to study about it after you already failed to invest on a right project then you realized that at last, No! you need to study it first before you proceed to the next level which is investing.

maybe for the time being btc is still not in demand by ordinary people, maybe because they have not been able to accept new things, or adapt to technology, but if we can continue to show positive things to the community, and start using BTC as a medium of exchange, not for hold as an investment asset, so I think the ordinary people will start to be interested in crypto

Good points made IMO.
Bitcoins volatility really did attract a lot of "investment" in 2017, so much so
that the frenzy pushed the value up to $20k. A lot of those have cashed out
but there is still big interest in bitcoin from those still in and those looking in
and waiting for their next opportunity.

This is the reality indeed. And the main reason for this is that there is more interest in the prices rather than on the product and the features. I myself was also encouraged to buy and buy in the beginning without really understanding the concept and the vision behind the projects of the coins that I bought. However, as soon as they are immersed fully in crypto, they will still learn by and by the technology.

That is why many are losing an investment on it because they dont know what blockchain is and how it really going to work, and going to work with it. Lack of idea about it and give big expectation without right working for it which dump the reality. Many are just looking for the profit and not on what really in dip it has about.

Most newcomers enter into the crypto world with an expectation to get rich overnight. They expect the event of bitcoin reaching new ATH of $20,000 last year again. But it was only due to the launch of bitcoin futures. Reality is that the bitcoin price is even struggling to cross $8,000 range. Expecting a high return is not wrong but, they should invest and wait on a long-term basis to reap their expected benefits.

The most important lesson is, our expectation failed us, but the good thing is, we learn from our over expectation, the reality shows us and teach us to how to handle this kind of market situation, and you are right that if we want to minimize loses, we need to hold it for long and consider it as a bank "time deposit" when the right time we will reap a good profit from it.

Aside from the fact that these people flocked here without knowing how to differentiate bitcoin from blockchain and they were like zombies that bought just because they heard that they can profit a good amount. On a contrary, that helped the marketcap mounted to more billion which had drawn more attention to investors and resulting of constant rise.

I always find it funny when some here didn't know what is blockchain and mistakenly brand bitcoin as blockchain, and bitcoin as altcoin. ???

Well the market sentiment is mostly bullish right now, even though the market itself says otherwise. People will always maintain an optimistic view of cryptocurrency until they realize they have lost all of their life savings. People should spend more time actually understanding the truth of the situation than mindlessly believing the hype or current trends.

because most of them think more to the positive side.

So in my opinion, in the introduction to Crypto, there are people who tend to be positive and there are also negative ones. People who think positively spontaneously will think about how to get as much profit as possible, regardless of the impact of crypto. (here on average are civilians who want to learn to get money from the internet).

Whereas people who think negatively are more (Do not join crypto, it is a bubble, very dangerous). This side mostly come from govt. told you not to join crypto and forbid it in your country as well

Many people are saying the large jump in the price in 2017, should never have happened. The large jump attracted a lot of

short term speculators and that was not a good move for Bitcoin, because these people pulled their capital as soon as the price

started to drop. A lot of innocent "newbies" drowned in the huge wave and they turned their back on Bitcoin.  ::) The true

Bitcoiners acknowledge the power behind this technology and they are holding on.  ;)

Do you think that, perhaps, the mindset of a newcomer also affects their success in crypto? As perfectly shown in the image, it seems there are more people who wanted to jump on the buying and selling right away without learning about this digital currency first. Perhaps, if a newbie has a different mindset and reasoning for wanting to get into cryptocurrency, then perhaps it will make a difference?

It would really be great if people will prioritize learning what is cryptocurrency and the technology behind it but sadly only a few of us are techies.

So most of people who jump in and support cryptocurrency just learnead about its basic and mostly considered their financial input as investment where they can reap in due time.  With that only a few devote themselves in understanding what blockchain and its application is and most just look at it as stock where they invest and sell when they think they have enough profit.

Basic knowledge about blockchain is good but it will never bring huge profit unless we specialized on it.  Besides day trading brings faster result than application of what we have learned about blockchain and people always wants the shortest possible time for their ROI.

I think this is because cryptocurrency is very technical and has a lot of technical terms that those are not techy will have a hard time understanding the crypto world. It might not also help that because there are way too many resources available, newcomers sometimes are having a hard time choosing what to believe, so instead they just pursue buying and selling bitcoins right away without fully understanding what the crypto world is all about.

people entered the crypto world because of the profits, few people are because of the technology and I do not see much problem in that. About investors, they do basic research to be able to invest, it happens that even knowing the fundamentals of cryptos does not guarantee that the person will be successful. Just see that even bitcoin fell from $ 18000 to $ 6000.


so it would be impossible to be used as a means of payments because no one would want to spend hours reading all the fundamentals of bitcoin to later buy bitcoin and go buy pizza.

You are right poster the is never a short cut to success in life and every good success comes through hard work and dedication and so it is also in cryptocurrency you need to think, study and understand the whole concept of crypto before you go into it because most newbies who are without good knowledge on crypto always tend to lose they investment due to they inability to to make the right decision in the cause of the involvement with crypto.

But that's not a bad thing. It is not always possible to lure people into cryptocurrency explaining to them the charms of blockchain. People are more attracted to the information that bitcoin helps to get rich. Thus, later they may be interested in the blockchain technology. I think that really smart people will be interested in how it works and they will not just mindlessly invest their money in the unknown.

Yes when people heard about crypto especially bitcoin, they just know about profit and expect to make big profit soon without knowing how the market work. When people enter into crypto without Understanding and knowledge they will buy bitcoin without analize before, they buy with high price and then the price go down. Finally not the profits they get but they lose their money.

It is true that people who know how to use their knowledge and skills to devote themselves fully to the field of cryptocurrencies will find interesting opportunities to succeed in a promising future where cryptocurrencies could play an important role in the global economy, but we should not assume that only those who get a deep knowledge of blockchain technology may be the winners in this growing ecosystem.

We must remember that, deep down, cryptospace is a universe of business, investment and work opportunities for different areas, not only for technologists, so I am convinced that all the people of the world, regardless of their level of education, will always find a profitable use for cryptos and great income opportunities in this new economy as long as they choose, because the doors are open for all and not only for experts.

That is why, us as ( i wouldn't call senior, because no rank or title in crypto world ) who already know about it, must educate people about risk before they join market. It can start from people near us like friends or someone that we  know don't have any experience yet.

   Expectation is very far from reality. If you have enough knowledge you will understand what is bitcoin,why it was created and what is the purpose of this. Many people has a higher expectation and sometimes it makes them dissapointed. Just know the reality of bitcoin,do learning about it to have knowledge which is very helpful to continue work and patronizing cryptocurrency like bitcoin.

Well people tend to find easy way to make money and most of the people are attempted to invest because of the profit without learning about the risk or having basic knowledge about crypto, nowadays the investors not seeing the potential anymore, they just looking for the profit, that is we keep on seeing people losing money and complain about it

I agree with you, not only in the crypto world, but in everything. nothing short success. even a newborn baby will not be able to walk right away.

Short success is only bullshit, even Cameron and Tyler Winklevoss must hold bitcoin for 6 years to get huge profits.

patience, diligence, optimism, and discipline are the basic keys to every success.

Because of trend.people thought about bitcoin as an asset or a profiteering than a currency

And i believe this is the same reason why the value is dropping now since this innocent investors have losses their trust in crypto because of the bad experiences from the dip.which brings enlightenment to mny people here,so they now know what are they entering

What motivated so many newbies to join cryptocurrency is the though that it would make them rich overnight. They didn't even bother to acquire any knowledge about cryptocurrency generally. This is the issue with cryptocurrency today. The enthusiasts understand the present situation but the newbies don't understand it at all.

This is definitely true, people who have knowledge about cryptocurrency taking advantage of people's ignorance and wrong perspective about cryptocurrency. This makes it difficult for people to really understand the crypto world and cryptocurrency. With those interested in joining bitcoin are always concerned about when they can buy or sell bitcoin which is not suppose to be so. People needs to understand the basic and the underlining idea behind bitcoin before thinking about when to buy or sell bitcoin.

Yes, They dont know the importance of bitcoin blockchain or cryptocurrency.Because they are always busy for entering trading and for their earnings only.

You are right. Everyone wants to know when to buy and when to sell, when will price increase. Everyone loves to discuss the Crypto price but no one is interested to learn the blockchain technology! Day by day bitcoin is becoming a money earning tools to the people, nothing else.  New people have already selected bitcoin as an investment, nothing else. They become happy when price grows, the feels bad when the price goes to down. So, its all about price and money. So, it is the reality but it is not our expectation.

In the picture it can be concluded that people are more interested in quick profits. And I'm included in that person. I have benefited a lot from trading cryptocurrency. But to be honest, I don't really understand what Blockchain is in depth. I might only know from the outside, and don't know what's in Blockchain technology.

Those who are new in this forum might have been invited to check this site because they can earn here but upon looking around, they don't see a opportunity to earn easy now unlike the old days. I see in other forums Bitcointalk is being introduced like a faucet where all you have to do is come over and look around for an opportunity in the games and rounds section. Some would even ask you to go to the lending section directly to borrow money. They are totally clueless about Bitcoin.

Sad really. The forum is being treated like a faucet alone instead of an avenue to learn and earn. Truth to be told, the forum holds a lot of knowledge once can use to add sense to their crypto voyage. In fact, the forum is rich in history too as it have prints of Satoshi Nakamoto all over it.  Something that we all should appreciate.

this is true. all things has to come in a right time with hard work and effort, success didnt come without doing anything.

getting more knowledge for about, you want to get involve is the most important things to do before getting thru, because if dont have knowledge about it and you only follow people who used bitcoin, you are almost at the state of spoon feeding and getting doubts when the moments bitcoins drops.

:D newcomers only wants to get profits without knowing something about blockchain and bitcoin, so that bitcoin image becoming more horrible because of them.

I get what you mean. For me, success of bitcoin is not about making a profit of an investment. Bitcoin’s success lies in its establishment as a legit, digital currency. People are putting too much energy and thought on market prices, and they’re failing to realize that crypto’s main goal is to be used as a means of exchanging goods and services. Am I right?

Entering a business without knowledge to it or an idea how it works will be your ticket to your failure. Look at those people who just invested because of FOMO are now crying and now full of frustration to cryptocurrency that their funds just washed out in an instant when the market bleeds. We should understand and do our own research before entering or investing to cryptocurrency. One of the best practices that will to our success and will be helpful all in the future.

Bitcoin has given exponential returns since inception and hence everyone is influenced under the charisma of such performance of it in terms of investment. However, not everyone is having the broad approach and understanding the strong potential of the technology behind it. Blockchain can change the way we live today and if implemented in a proper way, those who have speculative interests in it can earn handsome profit from it. I am excited to see the change and transformation it brings to the society.

Expectations are implanted to our mind by the old school cryptonians,tht we can hold to earn without finding the realitybiut what if this continues to drop,am i really gaining or failing

But for me i am still an old school and believe that market will always recover even how deep it was going by now.so maybe i guess more than half of people here agreed on me

That's why the long fall of the crypto-currency market is not in all respects bad. It helps to get rid of such people who see in bitcoin and other crypto currency only the way of making money, and not the payment system, as it was originally intended. Such a state of the market will sober many. It's good in the sense that if such a prolonged fall was after bitcoin reached, say, a hundred thousand dollars in its price, the situation would be much more critical and painful for all participants of the crypto-currency market.

Everyone used to be a newbie.There's nothing wrong with that.The main thing that there were people who will be able to tell the benefits and prospects of cryptocurrencies.This forum is excellent for this purpose.The main thing is that people besides the profit had other thoughts in their heads.) Now there is a lot of information, articles, blogs, videos about the crypto currency, but very few people are interested in it. Therefore, people need to be involved in different ways and tell about technology first and then about arrived.

When bitcoin price hit $20k, everybody just want to invest and believe the price will keep going up and not will going down. Thats what many people think including my friend. They just want to make quick profits. I am believe if we want to make big profits in cryptomarket, we should have knowledge and make research before investing our money

you're right, many people only see high bitcoin prices, but they don't see that bitcoin is developing with blockchain. they don't see risk, they just follow the cycle of volatility, but don't understand blockchain technology.

I think, this is our duty to provide understanding to the public.

The picture above is very clear, meaning that people today only understand selling and buying, and only know success by instant means through investment, but they do not know what is a digital currency, and what are the benefits and objectives. I really agree with the picture above, that's the current condition for all people who live with digital currencies ...!

To those who don't understand Bitcoin and other Cryptocurrencies, when they hear them they think you are rich, they think think Cryptocurrencies are one of those get rich quick schemes or investment that can make you rich over night, but in reality, it is somewhat true, you can get rich quick in Cryptos but you got to be there in the right place at the right time. In trading, there are coins there that are pumped and can reach upnto 100% or perhaps more in a day.

yes most of them like that
they expect bitcoin to make them instant rich so they invest when bull run
but the reality is that after the bull run Crypto entered the bear market for almost a year
and now many of them leave crypto market

One digital currency but different understanding from different people, digilat currency goal is to help for everyone to make it easier life use online transaction.

Some people understand bitcoin can help them to make better life adopting this currency in their lives, but not an easy too because we need to hard work before they can get benefit too.

Crypto is a risky investment it will need a proper knowledge before entering the market,many people failed and losing money in crypto because they are greedy and want a shortcut to become rich, if we learn more deeply actually it will give us more ways to earn and bigger profit to generate

Most people still think that investing in cryto is just a method to become rich overnight. But this is not true, or at least does not work anymore as in 2017.

Market became more mature and only good projects with areal utility will survive on the new cryto market over the end of 2017 hype.

Yes, people are thinking that bitcoin is an investment. That's why they think that the price will be higher when they let them in their wallet. Which is wrong because we do not know every crypto move. So they must first understand it well.

The picture describes what people do most these days. And in my opinion, the majority of people like bitcoin because they are expecting to earn or profit with the knowledge to buy and sell only, And they ignore some good facts that blockchain is always beneficial to them.

Bitcoin when introduced a decade ago was completely unknown to the people and all the people around the people were saying it a scam or a bubble that would burst soon and then there were few people who believed on bitcoin and now they are the bitcoin billionaires and since then bitcoin has very shining and bright image in the eyes of people as from having millions of haters to millions of investors bitcoin has overcome all the obstacles in its life and now it very reliable and trustworthy source of investment for people all over the world.

Bitcoin can not always meet the expectations of the investor. But it depends on the purpose for which this investor decided to make money with bitcoin. Easy money here, not earn. But a patient investor will always be rewarded.

I think bitcoin can bring great income to everyone. But no one can know for sure when bitcoin can make a profit. And it is very important to understand it immediately. Many people think that you can make money on it very quickly, without straining. But to really succeed in this area, you need to work hard and constantly improve their knowledge.

This picture speaks louder about the misconstrued way people have accepted bitcoin/cryptocurrency and have neglected the crux of the whole technology approach and intent. I for one, would have loved in full details of the extent the blockchain has gone at the moment; the exploits it has done in different segment of the economy.

Indeed, expectations are sometimes too high, so that when reality is not as beautiful as hope, it will change all points of view to be bad. Like the point of view of people about bitcoin, when what Bitcoin hears provides financial benefits it turns out the reality of capital is lost because of frequent losses, antipathy towards bitcoin arises.

Well if you are talking about this topic literally, comparing bitcoin to other type of business, it is actually a shortcut type in the sense that it is the fastest way to earn a million (but can be also the fastest way to lose some). Going back, it is always headline as a shortcut of earning profit because it really is a fast way. But I agree with your point that in able for you to earn, you need to understand blockchain. It is for you to at least he an educated investor and not to invest on anytime because if you are knowledgeable, you really know when to invest and when to not. You will be a successful investor here if you are knowledgeable.

In essence, when we want to succeed, we must learn all things related to cryptocurrency. The better and the more we understand about cryptocurrency then it will make us closer to success. So choose to be a person who has extensive knowledge, knowledge will give our way to experience and we will be able to become part of the success of cryptocurrency.

Every user who started with bitcoin really did not have a clue on how this will impact the economic echo system, it was fun to start with and knew that the price would grow when there are more investor because of the limited amount of coins in circulation and that was the base for me to get excited because I knew it had the possibility to change the century old economic concepts and the goverment interventions. If you are interested in the technology you will naturally learn everything about the core fundamental but even without it you can be an investor and make profit by just following the economic principles. ;)

Expectation  Vs Reality on the eyes of the people is a very interesting topic to be discussed .Bitcoin introduces entirely a new pattern of economy which is found suitable to the modern world mean time it is a contradiction to the present form of economy in which we are following at present..By analyzing the merits and demerits of bitcoin with the present concept of economy bitcoin will get the upper hand to supper seed the current form of economy. Bitcoin is with strong net works systems incorporated with the modern technology and its features are attractive to global investors such as a decentralized one with anonymity. Its all transactions are recorded in an electronic ledger with block chain technology..The introduction of block chain technology leads the path for a corruption free world which is an added advantage to the global economy.Bitcoin is a good transaction media and the transactions can be carried out with out the third party interference and the market source is expected that he bitcoin price can shoot up to 50K to 100K USD. But due to some unforeseen occurrences its price is stuck to 5k and which is expected to be resolved shortly and its price can shoot up to any level.

It is happening because people now conceptualize that after 2017 bitcoin is the coin which will make everyone rich and everyone wants to make the money from it. In this case what has happened people have entered when market was high and all big investors who had bough at cheap prices sold at 18k and market crash. Thus people had lost huge money as they did not has stop limit and think every time bitcoin can rise that quickly in few weeks itself which is not happening.

Whereas bitcoin investment is not that simple, there are many dramas on the market such as prices that can go down very deep and then bounce very high, and people cannot just buy and then profit from that investment, there are many things to pay attention before buying and invest in

I believe that in every aspect, there is no shortcut to reach success. We need to work hard, learning something related what we did, try to grow our skills so we can reach our goals one by one. There is a time for us to enjoy our life because we can reach the goals and it's not easy to go to that place because we need to struggle in every day. And related in cryptocurrency, you need to think twice before you invest your money and you need to learn more about cryptocurrency even if you choose to be an investor and not to be a trader. In someday, you will be able to earn a big profit so you will have much money from the cryptocurrency.

The drawing hit it bull's eye!

And the most probable reason why people are more inclined to learn about when to buy and when to sell rather than understanding blockchain is that they are assuming that Bitcoin is a source of income, a way to earn easily and get rich overnight. Not just Bitcoin. A lot of people I know treat the entire cryptocurrency invention as a way to acquire wealth. Well, some of them succeeded. Lucky for them but unlucky for crypto. It is not appreciated for what it truly is.

The reality is people will never learn if they don't want to, many people think Bitcoin is illegal and Bitcoin it is bad but it's just The Rumors there are repeating they have not actually try it the coin itself or probably they did try it but they got scammed or something. I do not think there is anyone who tried this coin for a month and gains profit and then he said: "I do not like this". We are human beings and we see the profit. That how our human nature has grown.

They will not understand bitcoin if they are not interested to learn about it.There are also big problem which we keep seeing because there are people who keep thinking that bitcoin is an investment! It is the reason why there are people who are losing their money because they just put their money even they do not have enough information about what it is.

Indeed! There's no such thing as easy money in Bitcoin. With so much excitement to get rich, they forget the real essence of Bitcoin, it's very important to study and understand its context, its real nature, functionalities, and on how this technology works. There have also been misconceptions, they tend to judge what they don't understand. Success and richness needs to be worked on as it does not happen without the presence of time, effort and energy. More than that it takes quality traits, positive attitude, commitment, patience, and focus.

Bitcoin is intended to be an international currency but since not all countries have accepted it at the moment,so people still prefer to make it as an investment but we should know always that bitcoin should not lost its value as a currency and is intended to be used and sold and not to just hold it forever.The more demands for bitcoin in the market,the price will surely goes up even higher than what most people expected.

That's why we have the responsibility to let the public know this kind of technology, I started to do my personal information drive in some of my friends here in my country about blockchain, what is the benefits of knowing and using it, and at the same time they will become interested in bitcoin and other alts.. Don't allow false information from social media, specially to those who are taking advantage using this technology to scam people, This is the reason why other people begin to hate bitcoin, it is because of some false and hype information.

Many newcomers in crypto currency only see how crypto is able to provide big profits when prices soar high enough, so in the end they are trapped where until now crypto is still falling in price and far from their expectations. For that we recommend that before investing in crypto currency we should understand what we are investing so that we are not caught in the risk of loss in this investment. Many people expect crypto to be able to provide big profits to them, but the current reality is very detrimental because the crypto market is always red and every time it decreases. Only those who have strong confidence with a broad knowledge base on crypto will eventually be able to get out of this situation and avoid the risk of loss, what is needed now is patience and remain confident that crypto is still strong and one day the price will rise again.

Blockchain technologies is the future of our financial system and though people did not know the technicalities of it but they are investing in it.  The people that invested in icos and new projects did not know how it works and what they are really putting their money in but had about how people are doubling their investments and went into it and at the end lose their funds. Blockchain technology is transparent,  decentraliziation and therefore third party are not involved before transactions no matter the amount involved.

Most people enter Bitcoin investment with the wrong perception of getting rich quick. Perhaps they witnessed the success story of a friend and decided to invest some few bucks, wishing to make profit in a month's time. Crypto and Bitcoin investment does not work like the traditional forms of investment which normally yield some percentage profit monthly. Hence, an investor needs to learn the fundamental concepts of Bitcoin investments before venturing it - it requires patience.

I agree. Even when the first time I heard about Bitcoin people keeps on saying they got money because of investing from Bitcoin. That is where I got interested into but the time I got here my knowledge broaden about how Bitcoin works in this crypto world. What's interesting is that when I visited the official website of Bitcoin it clearly says that Bitcoin is a new form of currency and it's a great idea I got which is not really what I've heard on social media they promote it as an investment not as a currency.

This is also the problem,you don't have to consider it as investment then only the bitcoin will be able to reach its destination.For now we are holding and selling and then buying later so in this process we are going to need fiat so bitcoin will not be used as payment system and not going to have stable value until it gets traded by most of the people.

It is really necessary to think before any kind of investment, no matter crypto currencies or gold, all risks should be calculated.
But it has nothing with other ways of getting crypto. For example, working for crypto as many people do on the forum. In fact here there are no risks, you simply collect coins and do with them what ever you wish. The only thing you can loose that way is your time.

For many people, Bitoin is just a tool for speculation. People are not interested in how Bitcoin works and how it differs from financial instruments used so far. People only want to earn and they are not interested in anything else, which is a big mistake.
The most important is education about what is Blockchain and cryptocurrencies - the effects will come on their own later. This is what Andreas Antonopoulus says. I recommend his book: "Mastering Bitcoin"

This is the second month of 2019 and some of the people inside this forum still hoping that the bull market will start, but it is contrary of what everyone's expectation, anyway, what price might be either low or high, Bitcoin is still and remain offers it's technology for everyone.. And some online influencer told that Bitcoin will remain Internet currency and nothing change on that.

There is a growing perception in people that bitcoin provides a way to get rich quickly because of the big profits, they don't understand education about bitcoin as a volatile currency. Their perception is like 2017 where many bitcoin owners become millionaires.
Although the reality is not always beautiful because bitcoin is just like any other trade, there are advantages but there are losses.
When experiencing a loss it is finally frustrating because the results are not as expected.

Most of the Bitcoin investors expect it to be their one way ticket to be rich or get out of poverty ,
But reality hits them when they got into it ,They need knowledge and skill in order to gain profit from crypto ,
Crypto wouldn't work their self to give you profit you should do something to gain money from it take risk learn how to trade and earn in trading or mining.

I am sure that people will not have an interest in profit only, but they also interest in the technology or information behind the profits so they can open the other chance to make more money. People will learn something because if they are not learn anything, then they cannot make a profit too. How many people who don't want to make more money if they can learn more about bitcoin. I guess that every people will want to make money and that is why many people still learning until now.

The solution to all the problems in the crypto ecosystem and the acceptance of cryptocurrency by the entire world  is the understanding of blockchain technology. People are just ignorant to the fact that understanding the purpose of Blockchain technology and how it operates is key to knowing the relevance of it to the world. People are just concern about investing and making profits out of their investment without understanding and knowing how this can transform the financial ecosystem. 

That's correct and most of the investors do not have knowledge about what blockchain is and what is its uses and advantages. Some of my friends are also investing in Crypto Currencies even they have a few knowledge about it and the only thing that they know that Crypto Currencies will make their money multiple times fold in a short period of time but this kind of mentality isn't fit for this kind of industry and this industry is really savage if you don't have the proper knowledge about it.

If you want to know what is the number one cryptocurrency in this time then it's bitcoin. Bitcoin survive since 10 years and successfully till now. It's a well designed crypto by blockchain, now it's become the beast of crypto. Reality is bitcoin now in the eyes of the people, they want bitcoin with online transaction. It's pretty clear that bitcoin will be the number one and best crypto in the future. Bitcoin price change a lot within 10 years and it's increasing. Bitcoin is the best than other crypto then why not bitcoin in the eyes of the people?

I think it's just the trend. It's easy for people to go after things that they see are gaining the attention and the trust of people. They believe that if they would follow what others did that gave them success, that such would happen to them too. That's the reality, not some many people are brave and courage enough to take their own path, knowing that discovering a new road is riddle with so many obstacles and failures, and honestly, I can't blame them because when we're talking about money, it's just so hard to just close your eyes and hope of the best. That's the concept of a master teaching a student, it's easier if someone would teach your on how to do things rather than trying to discover it on your own. However, as they say, the more risks the more rewards there is.

Yes, I think now it's all that way, the few who know Bitcoin, always look for ways to earn buying and selling, because that's what most people tell them to do, some who are merchants or sellers of products, they tend to use that ability to apply it to the market, and recently there are many new bitcoin projects, with a lot of Blockchain development, but I think people are focused on doing what they see on the news, what they sell through social networks.

Crypto World is very big and will always present many opportunities to the nascent projects, some are very lucky and get community quickly, but I think it is due to the reward they offer, but I think they should start. There is a lot of development only in bitcoin, the whitepaper says it, the important and attractive thing for people will always be simple things, just like; That the transactions are fast and safe, that large amounts of money are handled, that no government or third party can intervene in our transactions.

Bitcoin gets media attention only when the prices move up drastically. I will give you examples. When the price went up from $900 per coin to $20,000 per coin in 2017, a lot of mainstream media outlets covered it as prime news. But when the prices declined to $3,000 per coin from $20,000 per coin, most of these media outlets chose to ignore.

It's true, only few investors are investing in crypto for the sole-purpose of using it based on how cryptocurrency was created. Maybe it's because most people who invite new people into crypto introduce it as an investment tool to earn money. That's why most people think of crypto as an investment. As time goes by, let's hope that cryptocurrency awareness will increase. We need to understand the whole concept of cryptocurrency.

Another expectation is the way those double coin pronzi schemes provide a sort of trust into some new Crypto member.
The greed to achieve some quick profit ameks them vulnerable to these scams. It is so easy nowadays to scam newbies these days as they dont want to understand what's behind crypto, how it works, how they have to act and be self aware of the unlegitm companies out there trying to get your balances without you knowing what your heading into.

Everyone should know what they are heading to and what / how you can afford to lose everything you had worked for.

Yes, but such a reality. How to manage your money every person decides for himself. Nobody forbids beginners to learn, gain experience and develop skills in trade. Just need to take this moment into account.
Everything works on this principle, and not just the crypto currency market. And the desire to learn and earn of every newcomer in the crypto world depends only on himself. Choose who you want to be, an ignorant novice or an educated and intelligent trader.

PS: My post is written primarily for beginners!
In general, I fully agree that it is necessary to significantly raise the level of people's knowledge about the blockchain and crypto currency.